$BTC Tokyo-listed company Metaplanet, often dubbed "Japan's MicroStrategy," has announced a massive plan to significantly expand its Bitcoin holdings. The firm has filed a shelf registration to issue up to 555 billion Japanese yen (approximately $3.7 billion) worth of new perpetual preferred shares.

This proposed stock issuance, which is subject to shareholder approval, is part of Metaplanet's aggressive strategy to accumulate a total of 210,000 BTC by the end of 2027.

The company's current treasury holds 17,132 BTC, and this capital raise is designed to accelerate its purchasing efforts. The new shares would prioritize dividend payouts over common stock, with the proceeds directly earmarked for Bitcoin acquisitions. #BTC #Write2Earn