Metaplanet, a Tokyo Stock Exchange-listed company and a significant player in Bitcoin investment, is set to raise $5.3 billion by issuing 555 million shares through stock acquisition rights. Currently holding 8,888 Bitcoin worth nearly $934 million, the company is looking to expand its portfolio as part of a broader trend among firms increasing their Bitcoin holdings. CEO Simon Gerovich stated that the pricing for the new stock issuance will be above market rates, a departure from the usual 8-10% discount. This move aims to capitalize on the surging interest in Bitcoin as a reserve asset, drawing parallels to MicroStrategy’s strategy of accumulating Bitcoin as a corporate treasury. Metaplanet aims to accumulate 210,000 Bitcoin, about 1% of the total supply, by 2027. This reflects the growing trend of companies adopting Bitcoin to enhance capital formation and provide investors with exposure without direct risks of holding the cryptocurrency.

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