[Japanese Publicly Listed Company Metaplanet's Stock Price Plummets, Bitcoin Strategy Faces Financing Challenges] According to Cointelegraph citing Bloomberg, the stock price of Japanese Bitcoin treasury company Metaplanet has plunged 54% since mid-June. Its stock-based "flywheel" mechanism has "failed," forcing the Tokyo-listed company to seek alternative financing methods. Metaplanet recently announced plans to raise approximately 130.3 billion yen (approximately $8.8 billion) through a public stock offering in overseas markets. Additionally, shareholders will vote on Monday to decide whether to approve the issuance of up to 555 million preferred shares, a rare investment instrument in Japan, which could raise up to 555 billion yen (approximately $3.7 billion).