Metaplanet, a Japanese company known for its Bitcoin treasury, plans to raise $5.3 billion by issuing 555 million shares through stock acquisition rights to acquire more Bitcoin. Currently, Metaplanet holds 8,888 BTC valued at approximately $934 million and aims to increase its holdings significantly. The CEO, Simon Gerovich, noted that the pricing of this stock acquisition rights issuance is above the market rate, marking a change from typical discounts that range from 8 to 10 percent. Metaplanet has set a bold target to acquire 210,000 Bitcoin, which represents about 1% of the total Bitcoin supply, by 2027. This expansion reflects a growing trend among companies to accumulate Bitcoin as a central asset, similar to the approach taken by MicroStrategy. The company's shares rose by 24% on the stock market following the announcement, reflecting positive investor sentiment driven by Bitcoin's current valuation just over $105,000 per coin.

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