Tokyo-based investment firm, Metaplanet, is set to raise ยฅ123.8 billion ($881 million) through an international stock offering. This funding will be used to acquire more Bitcoin (BTC), furthering the company’s goal of building one of the world’s largest corporate Bitcoin treasuries. ๐ฐ ๐ The plans are contingent on shareholder approval, with a final decision expected in September 2025. ๐ ๐ค ๐ก The stock offering aims to increase Metaplanet’s net asset value (NAV), which will directly benefit shareholders as their stake increases alongside the Bitcoin holdings. ๐ ๐ค In light of Japanโs economic challenges, including rising government debt and a weakening yen, Metaplanet has prioritized Bitcoin as its primary reserve asset since May 2024. ๐ช This move seeks to protect against currency fluctuations and bolster financial stability in a volatile environment. ๐ฐ ๐ฏ๐ต To generate stable income streams from Bitcoin, Metaplanet is utilizing derivatives like selling put options, generating ยฅ1.9 billion in Q2 FY2025. ๐ ๐ฐ The company intends to invest ยฅ6.5 billion from the stock offering into this strategy, aiming for consistent revenue growth. ๐ค Metaplanetโs approach echoes strategies taken by other successful entities within the industry, like MicroStrategy and Block, who have demonstrated the power of Bitcoin accumulation as a long-term investment. ๐ช Michael Saylor’s success has been a major influence in demonstrating the potential of Bitcoin as an asset class. ๐ก Metaplanet’s CEO, Eric Trump, even predicts a price target of $175,000 for Bitcoin by year end 2025. ๐ฎ The firm is not alone in its belief, and many experts within the crypto community share this bullish outlook for the future of Bitcoin. ๐