Metaplanet plans to raise additional $3.7B to buy Bitcoin

17 hours ago 23

The Japanese investment company’s stock offering is part of its treasury strategy to acquire 210,000 Bitcoin by the end of 2027.

Metaplanet plans to raise additional $3.7B to buy Bitcoin

Japanese investment firm Metaplanet is seeking to raise 555 billion yen ($3.73 billion) through a stock offering to support its aggressive Bitcoin accumulation strategy.

The company, which is known as “Asia’s Strategy,” announced Friday that it will issue perpetual preferred shares to help fund its goal of acquiring 210,000 Bitcoin (BTC) by the end of 2027. The shares will offer up to a 6% annual dividend, depending on market conditions and investor demand.

“The Company intends to actively pursue equity financing as part of its ‘Bitcoin Strategy,’ which aims to acquire 210,000 BTC by the end of 2027,” it said. “We believe that introducing Bitcoin-backed preferred shares represents a pioneering effort to fill this gap.”

Metaplanet’s stock offering comes a day after Cointelegraph reported corporate crypto treasury firms had surpassed $100 billion in collective investments, with Bitcoin-focused treasuries amassing $93 billion worth of that value.

Continued corporate accumulation from the likes of Strategy and Metaplanet, paired with the expanding money supply, could push Bitcoin’s price above $132,000 before the end of 2025, based on Bitcoin’s correlation with the global M2 money supply.

Strategy, the world’s largest corporate Bitcoin treasury firm, has also launched similar capital-raising efforts. On July 22, the firm announced a new type of Bitcoin-backed stock pegged to $100 per share with an initial monthly dividend of 9% annually.

Bitcoin’s next macro catalyst hiding in plain sight

Despite an illiquid period characteristic of summer, Bitcoin’s next significant monetary catalyst may occur as soon as September.

As Washington heads into its summer recess, “attention will likely shift to fiscal matters once Congress reconvenes after Labor Day on September 2,” according to a Friday research report by Matrixport, which said:

“Fiscal uncertainty has historically been a powerful tailwind for hard assets, and Bitcoin remains front and center in the narrative.”

Despite the significance of US Crypto Week and continued accumulation by crypto treasury firms, the “real macro driver is hiding in plain sight,” the report added.

Meanwhile, markets are currently pricing in a 60.8% chance that the Fed will keep interest rates steady during the next Federal Open Market Committee meeting on Sept. 17, according to the latest estimates of the CME Group’s FedWatch tool.