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Metaplanet (TYO:3350) is revising its use of proceeds to allocate 8 billion yen toward bond redemptions while reducing planned Bitcoin purchases, according to a Friday filing on the Tokyo Stock Exchange.The change follows the issuance of 8 billion yen in bonds, with proceeds initially earmarked for Bitcoin now partly redirected to repay the notes as stock acquisition rights are exercised.The company cut its planned Bitcoin allocation to 25.42 billion yen from 33.42 billion yen, while maintaining 3.71 billion yen for Bitcoin income generation.
Hanwa to Absorb Unit HKG Trading in Internal Restructuring
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