Japanese Bitcoin investment company Metaplanet launches $5.4 billion financing plan, stock price soars 22%

According to Golden Finance, Japanese Bitcoin investment company Metaplanet plans to raise approximately $5.4 billion and increase its Bitcoin reserves, which have already reached $1 billion. The company's stock price rose sharply on Monday. Metaplanet announced a stock acquisition plan on Friday, reportedly the largest in the history of the Japanese capital market. Metaplanet expects to accumulate 210000 bitcoins by the end of 2027, which is several times the 8888 currently held. Metaplanet rose 22% in Tokyo on Monday morning, and its stock price has fluctuated sharply since switching to cryptocurrency in early 2024.