Japanese Bitcoin treasury Metaplanet announced plans to raise $5.3 billion through the issuance of 555 million shares in a bid to increase its Bitcoin holdings. The company already possesses 8,888 BTC valued at approximately $934 million. Following a strategic pivot from its original focus on hotels and technology, Metaplanet aims to acquire a total of 210,000 Bitcoin, representing about 1% of the total Bitcoin supply by 2027. This decision comes as part of a notable trend among corporations boosting their Bitcoin reserves. The company’s share pricing strategy deviates from the norm by being set above the market value, which is a significant change from typical financing discounts. CEO Simon Gerovich emphasized Bitcoin's role in redefining capital formation, drawing a parallel to Nasdaq-listed companies such as MicroStrategy, which have pioneered similar investment strategies. Currently, Bitcoin is trading at over $105,000 per coin, having shown a recent rebound from a two-week decline, while Metaplanet's stock has surged 600% over the past year.

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