Japanese listed company Mobcast HD announced the launch of the "Solana Treasury Business" and plans to raise 1.4 billion yen to purchase SOL

Huoxun Finance reported on October 3rd that, following Metaplanet, Japan has become the second publicly listed company to 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 approximately 1.4 billion yen (approximately US$9.5 million) through the issuance of new share subscription rights and unsecured corporate bonds to strategically acquire and hold Solana. The company stated in the announcement that this move is intended to strategically strengthen its financial foundation and maximize shareholder value, specifically to "meet listing maintenance standards." Mobcast's current market capitalization is approximately 2.7 billion yen (approximately US$18.3 million).