Metaplanet (MTPLF), a Bitcoin-focused firm, announced it will suspend the exercise of its 20th to 22nd series of stock acquisition rights, also known as Moving Strike Warrants, from Oct. 20 to Nov. 17. The pause, affecting warrants issued through Evo Fund, halts all remaining rights for a 20-trading-day period.
Strategic Move
This suspension temporarily stops the sale of common stock for additional Bitcoin purchases. With shares trading only slightly above the value of the Bitcoin on its balance sheet after a months-long decline, further stock sales could dilute shareholder value.
Other corporate Bitcoin holders have faced similar pressures. Shares of KindlyMD (NAKA) and Strive (ASST) dropped more than 80% following SPAC mergers, despite Bitcoin’s gains.
Metaplanet holds 30,823 BTC, ranking as the fourth-largest corporate Bitcoin holder globally. The company described the pause as a strategic step to manage capital formation, maintain financial flexibility, and safeguard shareholder value, while continuing to develop new financial instruments and enhance its capital policy.
