Metaplanet Raises ¥130 Billion to Boost Bitcoin Holdings

Metaplanet, a Tokyo-based investment firm, has secured ¥130.3 billion through share sales to significantly increase its Bitcoin holdings. The move is inspired by MicroStrategy’s successful approach, which involved issuing shares for expanding their BTC treasury. Metaplanet’s strategic goal is to acquire 210,000 Bitcoin coins by the end of 2027, representing a 1% stake in the entire cryptocurrency market. This strategy will see Metaplanet issue up to 555 million new shares.