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Metaplanet Suspends Exercise of 20th–22nd EVO Fund Stock Rights From Oct. 20 to Nov. 17

The company says the pause preserves flexibility to curb dilution.

Overview

  • The 20-trading-day halt covers all remaining 20th–22nd series stock acquisition rights issued in June under a repurchase deal with Evolution Japan Securities’ EVO Fund.
  • Metaplanet retains the contractual option to resume or extend the suspension depending on market conditions.
  • The affected rights represent roughly 398 million potential shares, according to the company notice reported by Blockonomi.
  • Leadership frames the step as a move to optimize capital formation and maximize Bitcoin yield while continuing to build the corporate BTC treasury.
  • CoinDesk reports the pause effectively stops near-term stock sales to fund further bitcoin purchases as the share valuation neared net asset value, with holdings cited at about 30,823 BTC.