According to Odaily Odaily, Metaplanet CEO Simon Gerovich announced on the X platform that the company has issued 100 million Moving Strike Warrants with mNAV (modified National Account Value) terms. By design, the warrants are only exercised when the company's share price is above 1.01 times the mNAV, ensuring that each newly issued share enhances shareholder value.
Simon Gerovich stated that the mechanism is expected to raise approximately $234 million additional for the company to purchase Bitcoin, and will only be exercised if it has a beneficial effect on the holding of each BTC share.
