Metaplanet, a Tokyo Stock Exchange-listed company, has announced plans to raise $5.3 billion to expand its Bitcoin holdings. Currently, it owns 8,888 BTC valued at approximately $934 million. The company is looking to issue 555 million shares via stock acquisition rights, with the CEO Simon Gerovich indicating that the stock would be priced above market value, signaling a shift from typical financing structures. Metaplanet aims to acquire up to 210,000 Bitcoin by 2027, which would represent about 1% of the total Bitcoin supply. Known as 'Asia's MicroStrategy,' the firm shifted focus from its traditional hotel and technology business to becoming a dedicated Bitcoin treasury last year. The initiatives align with a growing trend among companies increasing their Bitcoin investments. Metaplanet’s recent share performance has risen significantly, reflecting investor interest as Bitcoin trades near $105,000 per coin, marking a notable increase after a previous slump.

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