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The Daily Hodl 2025-06-09 18:05:44

Bitcoin Hoarder Stock Explodes on News of $5,400,000,000 Fundraising Plan for BTC Accumulation

Bitcoin Hoarder Stock Explodes on News of $5,400,000,000 Fundraising Plan for BTC Accumulation

Shares of Metaplanet (MTPLF) opened significantly higher on Monday following the announcement that the company would launch what is believed to be Asia’s biggest-ever equity raise dedicated to Bitcoin ( BTC ). Simon Gerovich, Metaplanet’s CEO, said in a post on the social media platform X that the firm, which operates hotels but has pivoted to primarily focusing on accumulating Bitcoin, is about to raise ¥770.9 billion ($5.4 billion) to buy more BTC. According to Gerovich, Metaplanet will be issuing 555 million shares via moving strike warrants, which give holders the right to buy or sell the underlying asset but with a “moving” or variable strike price. The CEO says the capital raise follows Metaplanet’s “highly successful” strategy to acquire 100,000 BTC by the end of 2026, and 210,000 BTC by the end of 2027, which would give the company 1% of all the Bitcoin that will ever exist. According to BitcoinTreasuries.net , MetaPlanet has the 10th-largest corporate holding of BTC in the world, just behind Coinbase Global. Says Gerovich, “Thanks to all of our shareholders. We are honored to be on this journey with you. Metaplanet is accelerating into the future — powered by Bitcoin.” At time of writing, shares of MetaPlanet are trading at ¥1,554, up 15% on the day and up 24% since the close on Friday. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Bitcoin Hoarder Stock Explodes on News of $5,400,000,000 Fundraising Plan for BTC Accumulation appeared first on The Daily Hodl .

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