Metaplanet, a Japanese Bitcoin treasury, announced plans to raise $5.3 billion to bolster its Bitcoin holdings. The company, listed on the Tokyo Stock Exchange, currently owns 8,888 BTC valued at approximately $934 million. In a recent social media statement, CEO Simon Gerovich revealed that the firm intends to issue 555 million shares through stock acquisition rights priced above the market rate—a significant shift from the usual 8-10% lower pricing typical in similar offerings. Metaplanet, often referred to as 'Asia's MicroStrategy,' has pivoted from a traditional hotel and technology business to focus predominantly on accumulating Bitcoin, aiming to acquire a total of 210,000 BTC (about 1% of the total supply) by 2027. Its approach mirrors that of MicroStrategy, allowing investors to gain exposure to Bitcoin without the risks of direct ownership. Bitcoin recently traded at around $105,000 per coin, and Metaplanet's stock surged 24% on the announcement, reflecting a broader optimism in the cryptocurrency market.

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