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bitcoin

Metaplanet Plans $3.7 Billion Raise To Hit 210,000 Bitcoin Goal By 2027 End

Ash Tiwari
by Ash Tiwari
1 month ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Japan-based investment firm Metaplanet is eyeing a 555 billion yen ($3.7 billion) capital raise as part of its “Bitcoin Strategy,” which aims to accumulate 210,000 Bitcoin (BTC) by the end of 2027, the company announced today.

Metaplanet Seeks $3.7 Billion Raise To Buy More BTC

According to the announcement, Metaplanet plans to raise $3.7 billion through a stock offering. The proceeds will be used to fund its Bitcoin Strategy, which targets the acquisition of 210,000 BTC by year-end 2027.

Related Reading: Metaplanet Moves On Digital Bank Acquisition As It Scales Bitcoin Strategy

Notably, the company said it will issue perpetual preference shares to finance the Bitcoin Strategy initiative. These shares will offer up to a 6% annual dividend, subject to market conditions, interest rates, and investor demand.

While the issuance of new shares has raised concerns about potential dilution for existing shareholders, Metaplanet stated that the projected increase in BTC Yield would generate sufficient corporate value to offset the impact.

For the uninitiated, BTC Yield measures how much the company’s Bitcoin holdings are increasing over time relative to its total share base. It is calculated by dividing the rate of change in BTC held by the company by the fully diluted number of outstanding common shares.

Today’s statement comes just over two weeks after Metaplanet added 800 BTC to its balance sheet. According to CoinGecko data, the company currently ranks sixth among corporate Bitcoin holders, with a total of 17,132 BTC.

bitcoin
Metaplanet ranks sixth on the list of public companies with largest BTC holdings | Source: CoinGecko

Metaplanet stock closed down 7.65% today, trading at 1,063 yen ($7.18) at the time of writing. However, the stock remains up more than 200% year-to-date.

metaplanet
Metaplanet shares are up more than 200% on a YTD basis | Source: Yahoo! Finance

Companies Anticipating Further Bitcoin Upside?

Following Donald Trump’s victory in the November 2024 US presidential election, optimism around crypto-friendly regulatory reforms has encouraged several global corporations to increase their exposure to digital assets.

Related Reading: Sequans Adds 1,264 Bitcoin To Balance Sheet Amid Growing Corporate Interest

For example, NYSE-listed Marti Technologies recently announced plans to convert 20% of its cash reserves into BTC. Similarly, MARA Holdings completed a $950 million raise aimed at expanding its Bitcoin exposure.

Besides the above mentioned companies, several UK-based firms such as Satsuma Technology and The Smarter Web Company have also made moves to bolster their BTC reserves. This renewed institutional interest is further supported by positive macroeconomic signals.

According to the Chicago Mercantile Exchange’s (CME) FedWatch tool, there is a 78.8% probability that the US Federal Reserve will cut interest rates at its September 17 meeting – a move that could benefit risk-on assets like Bitcoin. At press time, BTC trades at $115,189, down 2.8% in the past 24 hours.

bitcoin
Bitcoin trades at $115,189 on the daily chart | Source: BTCUSDT on TradingView.com
Featured image from Unsplash.com, charts from Yahoo! Finance, CME FedWatch and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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