Japanese investment company Metaplanet today announced that it is temporarily pausing its stock acquisition rights. According to data from Coingecko, the firm currently holds 30,823 BTC on its balance sheet.
Metaplanet Pauses Stock Sale, Committed To Buying Bitcoin
According to an announcement made earlier today, one of the major Bitcoin treasury firms, Metaplanet, is poised to suspend the exercise of its 20th to 22nd series of stock acquisition rights. These rights, also known as Moving Strike Warrants, will be in suspension from October 20th to November 17th.
For the uninitiated, Moving Strike Warrants are financial instruments that give investors the right, but not the obligation, to buy or sell a company’s stock at a strike price that adjusts over time, usually based on the stock’