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Bloomberg: Metaplanet's bitcoin financing "flywheel" strategy is slowing down, Eric Trump has been awarded 3.30 million shares in the company

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2025-08-31 06:45:05
According to Bloomberg, Eric Trump, the second son of US President Trump and a consultant to Metaplanet, a Japanese listed bitcoin treasury company, has obtained 3.30 million shares of the company through the acquisition right. He will also attend the special shareholder meeting on September 1, when Metaplanet will vote on the issuance of up to 555 million shares of preference shares. If approved, it can raise up to 555 billion yen (about $3.80 billion).
However, the analysis pointed out that Metaplanet's bitcoin financing "flywheel" strategy has recently begun to slow down. As of August 29, the company's share price has fallen by 54% from the high point of June 16, while Bitcoin has risen by 2%. This has led to Evo Fund, which had previously reached a stock acquisition agreement with it, to reduce its willingness to exercise warrants, triggering a recent decrease in the number of Bitcoin holdings by Metaplanet. Eric Benoist, an analyst at Natixis, warned that the bitcoin premium is the key to the success of Metaplanet's financing "flywheel" strategy, but the available capital cannot be supplied indefinitely.
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