Japanese Bitcoin treasury Metaplanet is set to raise $5.3 billion to expand its Bitcoin holdings, building on its existing stock of 8,888 BTC valued at approximately $934 million. The Tokyo Stock Exchange-listed firm plans to issue 555 million shares through stock acquisition rights, marking a shift from the typical pricing strategies that usually include an 8 to 10 percent discount. CEO Simon Gerovich emphasized this innovative approach as a significant milestone in capital formation. The company's vision extends to acquiring 210,000 BTC by 2027, approximately 1% of total Bitcoin supply. This strategy follows the path of MicroStrategy, which has become the largest corporate holder of Bitcoin, a trend that Metaplanet aims to mirror. With Bitcoin recently trading above $105,000, shares of Metaplanet have surged over 600% in the past year, reflecting robust investor interest in the asset.

Source 🔗