Japanese investment company Metaplanet has secured a $1.2 billion funding round through an overseas share issuance. Notably, nearly $835 million will be allocated toward purchasing Bitcoin (BTC). 💰 The company plans to issue up to 555 million new shares, expanding its total outstanding stock from 722 million to approximately 1.27 billion shares. The final price for these shares will be determined September 9-11, with payments settled shortly thereafter. This funding will primarily go toward acquiring additional Bitcoin, bolstering its existing treasury reserves of 18,991 BTC (valued at around $2.1 billion). 📈 Metaplanet’s strategy aims to hedge against Japan’s weakening yen and mitigate inflation risks, aiming to boost corporate value in the long run.