Metaplanet, a Tokyo – based investment firm, has seen its shares rally sharply after announcing a $5.4 – billion equity raise to acquire 210,000 bitcoins (BTC) by 2027. This move positions the company as Asia’s most aggressive corporate bitcoin accumulator.
On June 6, CEO Simon Gerovich announced the updated “555 – million – plan” through stock warrants and strategic financing instruments. The funds will be raised by issuing 555 million moving – strike warrants, a financial instrument unique to the Japanese market. This is the largest stock acquisition rights issuance in the history of the Japanese capital market. The proceeds from the ¥767.4 – billion ($5.3 – billion) financing will be mainly used for direct bitcoin purchases.
Metaplanet has been actively purchasing bitcoins. As of June 2, it holds 8,888 bitcoins, worth approximately $920 million. The company plans to acquire 91,112 more bitcoins within 18 months through innovative capital – market strategies. If successful, this acquisition will make Metaplanet the second – largest public – company holder of bitcoin, behind Microstrategy.
The announcement of Metaplanet’s plan has received a positive response from the market. On June 9, its stock price rose more than 12% to 1,505 yen ($10.42), with an intraday high of 1,641 yen ($11.36), representing a 22% increase. In the five days since the plan was announced, the stock has spiked 24%. This reflects investors’ confidence in the company’s bold cryptocurrency strategy.
This move comes as global institutions increasingly view bitcoin as a hedge against macro – economic instability. Japan is facing a weakening yen and negative interest rates, which provides a favorable environment for Metaplanet’s bitcoin – acquisition strategy. Analysts suggest that Metaplanet’s strategy could redefine capital formation and draw parallels with Microstrategy’s pioneering bitcoin – treasury model in the United States.
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