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Japan's Metaplanet Plans Major Bitcoin Acquisition with $3.8 Billion Fundraising

Japanese tech company Metaplanet has unveiled an ambitious strategy to significantly increase its Bitcoin holdings through a new share issuance plan.

The firm intends to issue Class A and Class B preferred shares to raise up to 555 billion yen, equivalent to approximately $3.8 billion, specifically earmarked for purchasing Bitcoin (BTC).

In this offering, Class A shares will be "senior and non-convertible," while Class B shares will allow conversion and both will belong to the perpetual preferred share category.

To ensure regulatory compliance, Metaplanet has submitted a registration application to the Japan Financial Services Agency (FSA) for the share issuance.

The amendments to the company's articles of association, which will govern this issuance, are slated to take effect on September 1, 2025.

The final details regarding the share issuance will depend on prevailing market conditions, reflecting the company's cautious yet ambitious approach.

Prior to this announcement, Metaplanet controlled a mere 0.081% of the total Bitcoin supply, valued at $1.93 billion.

This new strategy could potentially double the company's Bitcoin holdings, significantly increasing its footprint in the cryptocurrency market.

As institutional interest continues to grow, this move by Metaplanet underscores the ongoing integration of Bitcoin into corporate investment strategies.

Investors and analysts will be closely watching how this plan unfolds in the coming years.