$BTC Japan's Metaplanet Invests $5.4 Billion in Bitcoin, Stock Price Soars 22%

Japan's listed company Metaplanet announced plans to raise approximately $5.4 billion to significantly increase its Bitcoin holdings, causing its stock price to surge by as much as 22% during trading today (the 9th), ultimately closing up 17% at 1,574 yen per share.

This company, originally focused on the tourism and hospitality industry, has shown high volatility in its stock price since transitioning to Bitcoin investment at the beginning of 2024.

Metaplanet's stock subscription plan announced last Friday is described as the "largest scale in the history of Japan's capital markets." The company plans to hold a total of 210,000 Bitcoins by the end of 2027, far exceeding its current holding of 8,888 coins and the original target of 100,000 coins.

If this goal is achieved, it will control about 1% of the global Bitcoin circulation. Currently, the value of the company's Bitcoin holdings has surpassed $1 billion.

This strategy mimics the model of the American company MicroStrategy, which has accumulated Bitcoin assets worth over $60 billion through the issuance of stocks and convertible securities. Similar actions have been frequently observed in the market recently: In April, Twenty One Capital, a SPAC associated with Cantor Fitzgerald, Tether, and SoftBank, initiated Bitcoin assets worth $4 billion; Trump Media & Technology Group also raised $2.32 billion to invest in Bitcoin.