Metaplanet, a Tokyo-listed investment company, has announced significant plans to raise funds to bolster its Bitcoin reserves.
Funding Plans
Metaplanet plans to raise approximately $880 million to $1.2 billion through overseas share issuance by October 2025. The funds will be directed towards Bitcoin acquisitions.
Strategy for Boosting Bitcoin Reserves
The company intends to issue up to 555 million new shares, allocating nearly $837 million specifically for Bitcoin purchases. Metaplanet aims to hold over 210,000 BTC by 2027, reflecting its strategic interest in cryptocurrency.
Market Impact and Corporate Strategies
The announcement of the Bitcoin reserve strategy led to a 5.7% rise in the company's shares. Metaplanet designated Bitcoin as its primary reserve asset to hedge against currency depreciation and leverage its long-term appreciation potential.
Metaplanet's strategic shift towards Bitcoin acquisition may set new benchmarks for other corporations and change market dynamics.
