As per PANews, Japanese listed gaming company Mobcast Holdings has announced the launch of a new 'Solana Treasury Business.' The company plans to raise approximately 1.4 billion yen (around $9.5 million) through the issuance of new share subscription rights and unsecured corporate bonds to strategically acquire and hold SOL. The move aims to strengthen its financial foundation, maximize shareholder value, and meet listing maintenance standards. Mobcast's current market cap is approximately 2.7 billion yen (about $18.3 million).
Japanese Listed Company Mobcast HD Launches Solana Treasury Business, Aims to Raise 1.4 Billion Yen for SOL Purchase
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