Metaplanet, known as Asia's largest bitcoin treasury company, has announced benefits for shareholders during a period of stock price decline.
Metaplanet General Meeting Details
On August 20, Metaplanet disclosed details of the upcoming general meeting scheduled for September 1. The company has prepared small benefits for shareholders who exercise their voting rights. Shareholders who vote, either in writing or online, will receive a 6% discount on special merchandise. Additionally, there is a lottery for limited edition PlanetGear merchandise for those who vote.
Decline of Metaplanet and MTPLF Stocks
A selloff in the broader cryptocurrency market has negatively impacted Metaplanet and MTPLF stock prices. Metaplanet shares fell below 850 JPY, closing at 829 JPY, down 6.43%. The stock price has dropped 37% in a month. CEO Simon Gerovich emphasized the company’s strong fundamentals even as the stock remains among the most shorted in Japan.
Total Bitcoin Holdings of Metaplanet
Metaplanet acquired an additional 775 BTC at an average price of $120,006 per bitcoin. The total bitcoin holdings have reached 18,888 BTC, with unrealized profits exceeding $292 million. However, the recent bitcoin price correction has affected investor sentiment. The BTC price was recorded at $113,649 at the time of writing.
In light of the falling stock prices, Metaplanet continues its robust bitcoin acquisition strategy while announcing shareholder benefits, emphasizing its commitment to maintaining investor interest.