Metaplanet Inc. shares dropped in Tokyo after the Japanese crypto treasury firm priced its international share sale at a discount, in its latest effort to secure more funding to buy Bitcoin.
The stock fell as much as 8% in early trading after the firm priced the shares at ¥553, an almost 10% discount from Tuesday’s close. Metaplanet shares have fallen more than 30% since it announced the overseas share sale in August.