Metaplanet's stock price has dropped by over 50% since mid-June, and the financing "flywheel" is now failing.

August 31st: According to Bloomberg, the stock price of the Japanese Bitcoin treasury company Metaplanet has witnessed a decline of more than 50% since mid-June, and its financing "flywheel" is encountering failure. On August 27th, Metaplanet announced its intention to raise $881 million with a view to increasing its Bitcoin holdings during September and October. The financing will be raised through an international stock issuance, and it is expected to achieve a net fundraising of approximately 130.334 billion yen (about $881 million), which is intended for: · Bitcoin purchase: 123.818 billion yen ($837 million) · Bitcoin financial operations: 6.516 billion yen ($44 million) In addition, Eric Trump, the son of former U.S. President Donald Trump, is scheduled to attend the shareholders' meeting of the Japanese Bitcoin financial company Metaplanet Inc on September 1st.