Beat Holdings Considers Financing Proposal from Atari Group

According to Odaily, Japanese publicly traded company Beat Holdings has announced that it received a formal proposal from its 33.3% shareholder, Atari Group. The proposal suggests that Beat Holdings raise funds by issuing 5,400 floating exercise price warrants (MSW) with an exercise price set at 92.5% of the market price and a two-year term. The actual amount of funds raised will depend on Beat's market price at the time of MSW exercise. Based on the current share price of 726 yen, the company could potentially raise 36.2 billion yen, with 35.4 billion yen earmarked for increasing its Bitcoin holdings. If the share price reaches its peak of 16,000 yen, the financing could amount to 799.2 billion yen, enabling the purchase of 53,227 Bitcoins.