Japanese Bitcoin treasury Metaplanet plans to raise $5.3 billion by issuing 555 million shares through stock acquisition rights. This follows a trend where companies are increasing their Bitcoin holdings, responding to the asset's rising value. Metaplanet already holds 8,888 BTC, valued at approximately $934 million. The firm has shifted its focus from hotels and technology to become a Bitcoin treasury. Its CEO, Simon Gerovich, emphasized the significance of this investment approach, highlighting a departure from the typical market practices of share issuance. The company's strategy aims for a total of 210,000 Bitcoin by 2027, representing about 1% of the overall supply. This move mirrors that of major firms like MicroStrategy, known for accumulating significant Bitcoin assets. Recently, Bitcoin's value was over $105,000, with Metaplanet's stock price surging by 24% on the announcement of its fundraising endeavor, demonstrating strong market interest in Bitcoin investments and their potential.

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