Metaplanet, Japan’s largest corporate Bitcoin holder, plans to raise $135 million to acquire more BTC despite the asset price dropping below $90,000. The company is opting for preferred shares instead of common stock to mitigate further share price decline. This move comes as Metaplanet’s stock value has plummeted nearly 60% in six months and its mNAV (Multiple Net Asset Value) currently sits at 1.01. The fund will be used to buy Bitcoin even as the asset experiences a correction, trading below its all-time high of $125,100. Experts have differing opinions on this strategy, with some suggesting it could lead to financial risks while others believe it aligns with Bitcoin’s growing importance as a store of value.