Metaplanet Shares Rebound in Japan as Overseas Offering Priced

Metaplanet Inc.’s stock reversed losses to gain the most in three months on Wednesday, after the crypto treasury firm priced its international share sale at a discount as it seeks to secure more funding to buy Bitcoin.

The stock whipsawed to close up 16%, the most since June 16, after falling as much as 8.3% earlier in the day. The initial slump followed the firm’s announcement it had priced an overseas share offering at ¥553, an almost 10% discount from Tuesday’s close.

Metaplanet shares have fallen around 20% since it announced the overseas share sale in August, even taking ...