$BTC Metaplanet plans to raise US$5.3 billion in Japan's largest options deal to increase its bitcoin holdings

The company aims to increase its BTC holdings to over 210,000 by 2027, viewing it as a hedge against Japan's economic challenges.

The offering is the largest issuance of warrants on stocks in Japan, according to the firm, and uses warrants with a mobile exercise price.

Metaplanet, the company listed in Tokyo and now positioning itself as a treasury company focused on bitcoin

BTC

$104,554.43

, has launched a US$5.3 billion plan to purchase more

BTC

$104,554.43

through the issuance of 555 million shares via stock acquisition rights.

The agreement, Metaplanet said, is the largest issuance of warrants on stocks in Japan to date and the first time that warrants with a variable exercise price are sold, where the exercise price is adjusted with the market, at prices equal to or above the current stock price in the country.