Japanese investment firm Metaplanet has filed for a $3.7 billion stock raise through preferred shares to boost its Bitcoin holdings significantly, aiming for a target of 210,000 BTC by 2027. This plan represents 75% of its current market cap of $4.9 billion and will be presented for shareholder approval on September 1. The capital raised will come from two classes of perpetual preferred shares, each potentially valued at $1.9 billion, offering dividends up to 6% annually. Metaplanet currently holds 17,132 BTC, valued at over $1.97 billion, following its recent acquisition of 780 BTC. The filing indicates no set timetable for the share issuance and emphasizes the uncertainty of the plan's execution. This strategy aligns with broader trends among corporations like Strategy that continue accumulating Bitcoin despite market price instability, reflecting a long-term conviction in Bitcoin's value.

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