PANews June 16 news, Japanese listed company Beat Holdings announced today that it has received a formal proposal submitted by Atari Group, a shareholder holding 33.3%. The main contents of the proposal include: it is recommended that the company raise funds by issuing 5,400 floating exercise price warrants (MSW), with an exercise price of 92.5% of the market price and a term of 2 years. The actual amount of funds raised depends on the market price of Beat when the MSW is exercised. If calculated based on the current share price of 726 yen, it is expected to raise 36.2 billion yen, of which 35.4 billion yen will be used to increase Bitcoin holdings. If calculated based on the highest share price of 16,000 yen, the amount of financing can reach 799.2 billion yen, which can purchase 53,227 Bitcoins. The company responded that the 7.5% discount rate is too high, and it will evaluate other financing options. Media cooperation matters will be further discussed with Atari. The announcement shows that the company has begun to invest in Bitcoin ETFs, but said that continued holdings require more financial support.