Metaplanet, a Japanese Bitcoin treasury, plans to raise $5.3 billion through the issuance of 555 million shares to acquire more Bitcoin. The company currently owns 8,888 BTC valued at approximately $934 million. CEO Simon Gerovich highlighted that the pricing of stock acquisition rights would exceed market price, differing from the typical discount in such financings. Metaplanet aims to build its Bitcoin holdings, having transitioned from its core hotel and technology business to focus solely on Bitcoin investments. The company aspires to acquire 210,000 BTC, making up about 1% of the total supply, by the year 2027. Following a similar path to MicroStrategy, Metaplanet allows shareholders to gain exposure to Bitcoin indirectly. The company’s stock surged by over 600% in the past year, reflecting growing institutional interest in Bitcoin. Bitcoin is currently trading just above $105,000, experiencing fluctuations in response to broader market trends.

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