Metaplanet Raises $5.4 Billion for Bitcoin Investment, Aims for $50 Stock Price

Metaplanet Inc.’s (OTCMKTS: MTPLF) stock surged 26.49% on Friday, closing at $11.65 after a $5.4 billion funding announcement. This move is aimed at significantly bolstering its Bitcoin reserves. The company will issue 5.55 billion new shares using floating strike price warrants, allowing for capitalizing on stock volatility without traditional discounts. 2027 targets include owning 210,000 BTC, representing a substantial 1% of the total Bitcoin supply.