Metaplanet's board of directors approves up to $5 billion in additional capital contribution to its US subsidiary

According to official announcements, Japanese listed company Metaplanet Inc. announced that its board of directors has approved an additional capital contribution of up to $5 billion to its wholly-owned US subsidiary, Metaplanet Treasury Corp, located in Florida. As stated in the announcement titled "Establishment of Wholly Owned US Subsidiary" released on May 1st, the company has established Metaplanet Treasury Corporation to strengthen its global Bitcoin vault operations and enhance its execution capabilities in the international market. The funds for this capital contribution are expected to be raised through the exercise of the 20th to 22nd series stock acquisition rights. All investment funds will be used to purchase additional Bitcoin. The purpose of the funds remains unchanged from the previously disclosed plan.