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

ChainCatcher news, following Metaplanet, Japan has seen the emergence of its second publicly listed company adopting a cryptocurrency treasury strategy. The gaming company Mobcast Holdings, listed on the Tokyo Growth Market, announced the launch of a new "Solana treasury business."

To support this initiative, Mobcast announced plans to raise approximately 1.4 billion yen (about 9.5 million USD) through the issuance of new stock subscription rights and unsecured corporate bonds, aimed at strategic acquisitions and holding SOL. The company stated in the announcement that this move is intended to strategically strengthen its financial foundation, maximize shareholder value, and explicitly noted that it is to "meet the listing maintenance standards." Currently, Mobcast's market capitalization is approximately 2.7 billion yen (about 18.3 million USD).