#metaplanet Metaplanet, known as "Asia's MicroStrategy," has secured 10% of its $5.4 billion capital raise goal to buy Bitcoin. The company raised $0.51 billion through the issuance of 54 million shares. This brings them closer to their target of holding 210,000 Bitcoin by 2027.

Key Details:

Current Bitcoin Holdings: Metaplanet currently holds 11,111 BTC, ranking 8th among top Bitcoin treasury companies.

Future Plans: They aim to hold 30,000 BTC by 2025, 100,000 BTC by 2026, and 210,000 BTC by 2027.

Capital Raise: The $5.4 billion raise will be achieved by issuing 555 million shares.

Stock Performance: Metaplanet's stock price has rallied over 69% in a month and nearly 297% year-to-date.

CEO Simon Gerovich shared the news on social media, highlighting the company's progress toward its goal. Metaplanet's aggressive Bitcoin buying strategy has led to significant growth, with a 266.1% year-to-date return on its Bitcoin investment ¹ ².