The Japanese firm Metaplanet has confirmed its plans to invest over $1 billion into Bitcoin following a successful expansion of its global share sale.
Expansion of Share Sale
Initially, the firm planned to sell 180 million shares, but Metaplanet increased the total to 385 million, raising about $1.4 billion. The shares were priced at 553 yen (approximately $3.75), providing buyers with nearly a 10% discount from the market level.
Bitcoin Accumulation Strategy
Of the raised funds, approximately $1.25 billion is earmarked for Bitcoin purchases by the end of the year, while $139 million will be used for income generation from Bitcoin assets. Metaplanet aims to accumulate 210,000 BTC by 2027, which would represent about 1% of all coins that will ever exist.
Market Position and Achievements
With over 20,000 BTC valued at more than $2.2 billion, Metaplanet ranks as the sixth largest corporate holder of Bitcoin globally and the number one in Asia. In September alone, the firm added an additional 1,145 BTC worth $127 million.
Metaplanet continues to aggressively invest in Bitcoin, implementing its ambitious accumulation strategy and solidifying its position in the market. This approach reflects broader changes in the company's asset management strategy.
