Eole raises capital for crypto expansion with new share options

Eole will issue its 14th and 15th series of share options through a third-party allotment, with the 14th series going to SBI Securities and the 15th series to JAIC, JAIC Crypto Asset Fund, and Dynamic Solution Group. The 14th series, totaling 10,000 units, has an exercise price of 7,870 yen (initially) with a floor of 3,935 yen, while the 15th series, also 10,000 units, has a fixed exercise price of 7,870 yen. The total potential capital raised is 15,763,930,000 yen.

The funds are primarily earmarked for the acquisition of Bitcoin (BTC) to strengthen Eole’s "Neo Crypto Bank strategy," which focuses on "Crypto Asset Treasury" and "Crypto Asset Operations." This capital infusion is expected to expand the company's asset base and facilitate further investment in the crypto asset financial business. The move is anticipated to significantly increase capital, with proceeds of 15,694 million yen allocated for BTC purchases between September 2025 and September 2027.

The issuance will lead to a potential dilution of 63.51% (voting rights basis: 63.66%) based on Eole’s outstanding shares as of March 31, 2025. However, this is expected to increase the free-float ratio by 18 percentage points, contributing to higher trading volume and reduced volatility, supporting the company's objective of enhancing shareholder value and market liquidity.