Metaplanet Secures Billions for Bitcoin Acquisition: Strategic Move Ignites Market Buzz

Metaplanet, a Japanese microstrategy company, has secured shareholder approval to raise ¥555 billion for acquiring 210,000 BTC by 2027. This move aligns with the firm’s ambitious shift towards a Bitcoin-centric strategy and echoes MicroStrategy’s successful approach in acquiring Bitcoin. The decision is seen as a significant step for Metaplanet and could impact market dynamics significantly. 20,000 BTC are currently held, positioning Metaplanet as one of the largest corporate Bitcoin holders globally. The company plans to expand this holding with the new funding. Share prices surged following the announcement, climbing over 2.5% in Tokyo.