Metaplanet, a Japanese Bitcoin treasury firm, is raising $5.3 billion to increase its Bitcoin holdings, which currently amount to 8,888 BTC valued at approximately $934 million. The Tokyo Stock Exchange-listed company plans to issue 555 million shares via stock acquisition rights at prices above the usual market discount. CEO Simon Gerovich noted that this approach represents a significant shift in capital formation strategy. By 2027, Metaplanet aims to acquire 210,000 BTC, targeting about 1% of the total Bitcoin supply. The company follows a path akin to MicroStrategy, allowing investors to gain exposure to Bitcoin without direct ownership. Shares in Metaplanet have surged over 600% in the past year, reflecting growing investor interest as Bitcoin trades around $105,000. This capital-raising aligns with a growing trend of companies increasing their cryptocurrency holdings amidst market fluctuations and economic stabilization efforts.

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