Metaplanet, a Japanese company listed on the Tokyo Stock Exchange, is planning to raise $5.3 billion to expand its holdings of Bitcoin. The firm currently owns 8,888 BTC, valued at approximately $934 million. Metaplanet’s strategy involves issuing 555 million shares through stock acquisition rights, a move the CEO, Simon Gerovich, indicates will offer shares above the market price, deviating from the typical discount approach seen in similar transactions. This proactive approach places Metaplanet in a growing trend among companies accumulating Bitcoin, following the path set by prominent firms like MicroStrategy. The company aims to ultimately acquire 210,000 BTC, representing about 1% of the total supply by 2027. This shift signifies a pivot from its original hotel and technology business to a dedicated Bitcoin treasury, providing investors an opportunity for exposure to Bitcoin without the risks of direct ownership. The stock’s value has surged by over 600% in the past year, reflecting a robust market interest in Bitcoin-related investments.

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