Dubbed the 'Japanese MicroStrategy', Metaplanet announced on Wednesday that it plans to issue new shares to overseas investors, raising 130 billion yen (approximately $880 million), and will use nearly all the funds to purchase Bitcoin in the next two months.
According to the announcement, Metaplanet expects to use about 124 billion yen (approximately $837 million) to purchase Bitcoin between September and October this year, while the remaining 6.5 billion yen ($43.9 million) will be specifically allocated for Bitcoin-related financial services.
This fundraising is part of Metaplanet's previously announced equity financing plan, reaching a total scale of $37 billion by 2027. The company has been actively increasing its investments, spending $93 million to acquire 775 Bitcoins in August alone, followed by another $11.7 million to purchase 103 Bitcoins.
As of August 25, Metaplanet's Bitcoin holdings have reached 18,991 coins, valued at approximately $2.1 billion.
However, Metaplanet did not disclose the specific issue price and timetable for this fundraising.
The pace of global institutions investing in Bitcoin continues to accelerate. According to statistics, currently, publicly listed companies collectively hold over 770,000 Bitcoins, with Strategy (MicroStrategy, MSTR) leading the pack, accumulating 632,457 Bitcoins, valued at over $7 billion.
"Going all in! Metaplanet is raising funds significantly, planning to spend $800 million on BTC in the next two months" was first published on (BlockKe).
