$BTC

Metaplanet announces the issuance of 555 million shares, valuing at 5.4 billion USD, to acquire more Bitcoin, while expanding its accumulation target from 21,000 BTC to 210,000 BTC by the end of 2027. Meanwhile, Strategy announced an increase in its STRD stock issuance scale from 250 million USD to 1 billion USD, aiming to increase its Bitcoin holdings.

Metaplanet targets 1% of the total Bitcoin supply, Strategy expands capital plan

Japanese company Metaplanet unveiled its updated Bitcoin acquisition strategy after issuing 555 million shares, expecting revenues of 5.4 billion USD.

The company signed a purchase agreement with EVO FUND regarding stock acquisition rights, claiming it to be "the largest stock acquisition rights issuance in the history of the Japanese capital market."

Metaplanet stated that the issuance of 555 million shares follows its initial capital plan of 210 million shares announced in May. The company indicated plans to use the proceeds from the issuance to increase its Bitcoin holdings.