Metaplanet Plans to Raise $3.7 Billion to Drive Large-Scale Bitcoin Acquisition Initiative

According to Jinse Finance, Japanese investment firm Metaplanet has applied to raise $3.7 billion through preferred shares to fund Bitcoin purchases, aiming to reach a target of 210,000 BTC by 2027. The proposed share issuance accounts for 75% of its current market capitalization and requires shareholder approval by September 1. Metaplanet stated that there are currently no concrete plans to issue preferred shares, and it is uncertain whether such an issuance will take place.