Metaplanet, a Japanese Bitcoin treasury, plans to raise $5.3 billion by issuing 555 million shares in a bid to increase its Bitcoin holdings. Currently, the Tokyo Stock Exchange-listed company possesses 8,888 BTC valued at approximately $934 million. The CEO, Simon Gerovich, noted that the pricing of the stock acquisition rights will be above market rates, which breaks from the usual practice of offering discounts. Metaplanet is on a trajectory to acquire a total of 210,000 Bitcoins by 2027, representing about 1% of Bitcoin's total supply, as part of its strategy to redirect from its initial hospitality and technology services to a focus on Bitcoin. This move aligns with a broader trend where companies are accumulating significant Bitcoin holdings, similar to MicroStrategy's approach. Bitcoin has recently seen an uptick in value, trading just over $105,000, highlighting its increasing prominence as a corporate asset.

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