Metaplanet, a Tokyo Stock Exchange-listed firm, plans to raise $5.3 billion to expand its Bitcoin holdings, which currently stand at 8,888 BTC valued at around $934 million. CEO Simon Gerovich shared the news on social media, highlighting the unusual strategy of issuing stock acquisition rights above market prices, a departure from usual discount practices. This move aligns with a trend of companies bolstering their Bitcoin reserves, following similar strategies used by MicroStrategy. Metaplanet aims to acquire 210,000 Bitcoin by 2027, representing about 1% of the total supply. The growth of Metaplanet's stock price, which surged over 600% in the last year, illustrates investor interest in Bitcoin as a key asset. As Bitcoin traded around $105,000, Metaplanet continues to draw parallels with its dominant Bitcoin investment strategy within Asia, signaling its commitment to the cryptocurrency market.

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