Japanese Firm Invests $1.4 Billion in Bitcoin with New Share Issuance

MetaPlanet, a Japanese company, has announced plans to raise $1.4 billion through the issuance of new shares to be sold on foreign markets. The company will utilize approximately 20% of these proceeds for purchasing Bitcoin, furthering its existing Bitcoin holdings which amount to around 20,000 BTC. This strategy aims to hedge against inflation and increase their long-term value while addressing Japan’s high debt levels, negative real interest rates, and prolonged yen depreciation. The company plans to utilize a portion of the raised capital ($183.7 billion yen) for direct Bitcoin purchases and another portion ( $20.4 billion yen) on activities related to Bitcoin revenue generation, particularly through options trading.