Metaplanet, a Japanese hospitality and real estate group transitioning to a Bitcoin treasury, announced plans to issue 385 million new shares to raise approximately $1.44 billion. The shares will be sold at a price of 553 yen ($3.75) each, a 9.9% discount to its recent closing price. This capital will be utilized to expand Bitcoin holdings and income-generating business, particularly amid the depreciation of the Japanese yen and dilution risk for existing shareholders. Metaplanet, which holds 20,137 BTC, had previously pivoted towards digital assets in response to inflation and Japan's national debt. Despite an impressive 150% stock surge over the past year, the shares have recently seen a nearly 39% decline in the last month, prompting the company to seek fresh funding. Analysts caution that narrowing premiums may introduce volatility for Bitcoin treasury companies, though the strategy remains increasingly adopted across the industry, with public entities collectively holding more than 1 million BTC.

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