Japanese Bitcoin treasury Metaplanet announced plans to raise $5.3 billion by issuing 555 million shares through stock acquisition rights to grow its Bitcoin holdings. The firm, which already owns 8,888 BTC valued at approximately $934 million, aims to acquire a total of 210,000 BTC, signifying a substantial commitment to expanding its cryptocurrency assets. This move aligns with a broader trend where companies increase their Bitcoin reserves. CEO Simon Gerovich mentioned that the pricing strategy for the issuance is notably above market rates, diverging from usual practices of offering discounts of 8 to 10 percent. The initiative positions Metaplanet as a prominent player in the Bitcoin sector, akin to MicroStrategy, another well-known Bitcoin holding company. The company's stock price surged by 24% recently, reflecting strong market interest. Metaplanet's strategy mirrors that of Nasdaq-listed firms seeking to leverage cryptocurrency for capital formation and investment growth.

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