Metaplanet, the Japanese company often compared to US-based MicroStrategy due to its significant focus on Bitcoin, has announced plans to raise up to ¥9.5 billion (approximately $62 million) in funding.
Japanese Company Metaplanet Plans to Raise $62 Million to Increase Bitcoin Assets
The funds will be used to further accelerate Bitcoin accumulation and solidify its position as one of the largest institutional holders of the cryptocurrency.
The company explained that its fundraising strategy involves the issuance of variable strike price stock subscription rights, a financial instrument that provides flexibility in subscription pricing. This mechanism is expected to attract the attention of investors looking to benefit from Bitcoin’s upward momentum.
Metaplanet announced that its total Bitcoin holdings have reached 1,142,287 BTC, worth approximately $108 million at current market prices.
This move is in line with a broader trend among companies using Bitcoin as a long-term store of value amid economic uncertainty.
This strategy mirrors that of MicroStrategy, the largest publicly traded Bitcoin holder in the world, which is known for using debt and equity financing to amass large reserves of the cryptocurrency.
Metaplanet's decision to increase its Bitcoin reserves underscores the growing interest in digital assets among Japanese firms.
The company aims to capitalize on Bitcoin's potential as a hedge against inflation and its growing adoption in both retail and institutional markets.
This development is expected to impact Bitcoin's perception among Japanese investors, potentially increasing institutional interest in the asset.
With Bitcoin’s recent price appreciation and expectations of wider adoption in 2025, companies like Metaplanet are positioning themselves for significant future gains.
*This is not investment advice.