Metaplanet to reduce Series 10 share pool and establish Hong Kong subsidiary

Metaplanet plans to reduce the potential share pool associated with its Series 10 issuance by 131.3 million shares, representing a 41% cut, according to Cointelegraph. The company also plans to establish a Hong Kong subsidiary with $1 million in capital. The subsidiary is intended to conduct trading activities involving Bitcoin, equities and credit products. The announcements link Metaplanet’s equity-raising plans with a broader financial-market operation in Hong Kong, although the supplied information does not specify the revised share count, the subsidiary’s launch date or the expected allocation of its capital among the planned activities. The developments are relevant to Bitcoin market observers because the proposed subsidiary is expected to trade BTC alongside traditional securities and credit instruments.