Metaplanet, a Japanese Bitcoin treasury, plans to raise $5.3 billion by issuing 555 million shares through stock acquisition rights, aiming to expand its substantial Bitcoin holdings. The firm currently owns 8,888 BTC, valued at approximately $934 million. The company, noted for pivoting from its core hotel and technology business to focus on Bitcoin accumulation, has equated its status to that of Nasdaq-listed MicroStrategy, a prominent corporate holder of Bitcoin. Metaplanet's CEO Simon Gerovich emphasized that the stock acquisition pricing would be above market value, deviating from the common practice of discounts in similar financings. The company’s long-term goal includes acquiring 210,000 BTC, which would represent about 1% of the total Bitcoin supply by 2027. Following this announcement, Metaplanet's stock experienced a significant increase of 24%. Bitcoin prices have been on the rise, trading just over $105,000 per coin, recovering from a recent slump. This initiative reflects a growing trend among companies to bolster their Bitcoin holdings as a strategic financial move.

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