Metaplanet, a Japanese Bitcoin treasury, plans to raise $5.3 billion by issuing 555 million shares through stock acquisition rights, as it aims to increase its Bitcoin holdings. Currently, the firm possesses 8,888 BTC valued at approximately $934 million. The CEO Simon Gerovich highlighted that the stock pricing will be set above market rates, departing from the typical discount usually seen in such financings. This strategic move comes as more companies pivot to accumulate Bitcoin. Metaplanet aims to acquire an ambitious total of 210,000 Bitcoin by 2027, roughly representing 1% of the overall supply. The company's transformational shift from its original hotel and technology business to a Bitcoin treasury has drawn comparisons to MicroStrategy. Last year, the company began its Bitcoin investments and has since seen its stock price increase significantly, almost 600% over the past year. Amidst these developments, Bitcoin has been trading at around $105,000 per coin, showing a positive recovery after a recent slump.

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