Mobcast Holdings, a Tokyo Growth Market-listed gaming company, has announced the launch of its "Solana Treasury Business." The company plans to raise approximately 1.4 billion yen (around $9.5 million) through new share subscription rights and unsecured corporate bonds to acquire and hold Solana (SOL) tokens. This strategic move aims to strengthen Mobcast's financial foundation and maximize shareholder value, aligning with listing maintenance standards. Mobcast's current market capitalization stands at approximately 2.7 billion yen ($18.3 million).
Mobcast HD Launches Solana Treasury Business, Plans $9.5M Fundraising
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