Metaplanet, a Japan-based company known for its Bitcoin treasury operations, plans to raise $5.3 billion by issuing 555 million shares to acquire more Bitcoin. Currently, the firm holds 8,888 BTC valued at approximately $934 million. This fundraising approach marks a significant shift for the Tokyo Stock Exchange-listed company, which transitioned from its core hotel and technology business to a Bitcoin treasury focus last year. CEO Simon Gerovich expressed that pricing the stock acquisition rights above market reflects a strategic departure from the typical discount seen in similar financings. Metaplanet has set ambitious goals, aiming to own 210,000 Bitcoins by 2027, which represents about 1% of Bitcoin's total supply. The company's stock surged 24% recently, reflecting investor enthusiasm following these announcements. This strategy parallels that of MicroStrategy, which popularized institutional Bitcoin purchasing. Bitcoin's current market value stands at just over $105,000, with Metaplanet adopting a similar proxy investment model for those interested in the cryptocurrency without direct ownership risks.

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