Metaplanet, a Japanese investment company, saw its shares increase significantly after announcing a plan to raise $5.4 billion to acquire Bitcoin. On June 9, the company's stock rose over 12% to 1,505 yen ($10.42), peaking at 1,641 yen ($11.36), a 22% increase during the trading session. Metaplanet is aiming to acquire 210,000 BTC by the end of 2027, up from the 8,888 BTC it holds as of June 2. The firm previously announced a target of 21,000 BTC by 2026. This new strategy positions Metaplanet to become the second-largest Bitcoin holder among public companies if successful. The trend of companies adding Bitcoin to their balance sheets continues, with over 61 publicly listed firms now holding 3.2% of all Bitcoin. However, not all firms have seen stock price increases following Bitcoin acquisition announcements, indicating mixed market reactions.

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