Metaplanet announced the issuance of Moving Strike Stock Acquisition Rights to reinforce its position as Asia’s first Bitcoin Treasury Company. The company plans to raise approximately $62 million (9.5 billion yen) through this initiative to acquire more Bitcoin.
Following the announcement, Metaplanet’s shares surged 6.5% during Thursday’s trading session and have risen 102% over the past month, outperforming Bitcoin’s 36% gain during the same period.
This fundraising aligns with Metaplanet’s long-term Bitcoin accumulation strategy, inspired by MicroStrategy’s “At-the-Market” approach. Just a week earlier, Metaplanet added 124 Bitcoins to its holdings, bringing its total to nearly 1,100 BTC. The raised funds will be used to boost Bitcoin reserves further, increasing the amount of Bitcoin owned per share and enhancing shareholder value by reflecting a larger portion of the company’s Bitcoin holdings.
Metaplanet aims to grow its Bitcoin reserves at a pace exceeding the expansion of its shares, providing significant benefits to shareholders. Since integrating Bitcoin into its treasury in May 2024, the company’s stock has surged 1,300%, making it one of Japan’s top-performing stocks. Last week, its daily trading volume reached $174 million, surpassing major companies like Nintendo and Honda.
