Japanese listed company Mobcast HD announces launch of "Solana Treasury Business," plans to raise 1.4 billion yen to purchase SOL

According to ChainCatcher, following Metaplanet, Japan has seen its second publicly listed company adopt a crypto asset treasury strategy. Mobcast Holdings, a gaming company listed on the Tokyo Growth Market, announced the launch of a new "Solana Treasury Business."

To support this business, Mobcast announced plans to raise a total of approximately 1.4 billion yen (about 9.5 million US dollars) through the issuance of new stock subscription rights and unsecured corporate bonds, which will be used for the strategic acquisition and holding of SOL. In its announcement, the company stated that this move aims to strategically strengthen its financial foundation, maximize shareholder value, and explicitly pointed out that it is "to meet the listing maintenance standards." Currently, Mobcast's market capitalization is about 2.7 billion yen (approximately 18.3 million US dollars).