Title: Metaplanet wants to raise 3.7 billion USD to 'acquire' 210,000 BTC – the boldest Bitcoin strategy in Asia?

The Japanese investment company #metaplanet has just announced a plan to raise 3.7 billion USD through the issuance of preference shares to realize the goal of owning 210,000 Bitcoin before the end of 2027.

🔹 The raised capital accounts for up to 75% of Metaplanet's current market capitalization (4.9 billion USD) and will be entirely used for purchasing Bitcoin.

🔹 The plan includes issuing two types of perpetual preference shares, with a dividend interest rate of up to 6% per year, prioritized over common shareholders.

🔹 Currently, Metaplanet holds 17,132 BTC worth over 1.97 billion USD, and recently purchased an additional 780 $BTC on July 28.

Although there is no specific issuance date yet, the company will seek shareholder approval for the increase in share quantity at an extraordinary meeting on September 1.

📌 This move follows the strategy of major companies like Strategy (USA), demonstrating long-term confidence in Bitcoin from institutions, despite the BTC price hovering around the 115,000 USD mark.

🔺 Assessment: If successful, Metaplanet could become one of the largest Bitcoin holders in Asia, reinforcing Tokyo's position as an emerging crypto financial center.

Crypto is always highly volatile. Investors should carefully consider the risks before participating in the market. #anhbacong