Japanese investment firm Metaplanet is aiming to raise 555 billion yen ($3.73 billion) through a new stock offering to fuel its ambitious Bitcoin accumulation plan.
Known as “Asia’s Strategy,” the company announced on Friday that it will issue perpetual preferred shares to support its target of acquiring 210,000 Bitcoin by the end of 2027. These shares will provide an annual dividend of up to 6%, depending on market conditions and investor interest.
“The Company plans to actively pursue equity financing as part of its ‘Bitcoin Strategy,’ which seeks to acquire 210,000 BTC by the end of 2027,” it stated. “We believe that launching Bitcoin-backed preferred shares is a groundbreaking approach to addressing this market need.”
Metaplanet’s stock offering follows reports that corporate crypto treasury holdings have collectively exceeded $100 billion, with Bitcoin-focused treasuries accounting for $93 billion of that total.
Ongoing accumulation by companies like Strategy and Metaplanet, combined with the expanding money supply, could drive Bitcoin’s price beyond $132,000 by the end of 2025, based on its correlation with the global M2 money supply.
Strategy, the world’s largest corporate Bitcoin treasury firm, has also initiated similar fundraising efforts. On July 22, the company unveiled a new type of Bitcoin-backed stock valued at $100 per share, offering an initial annual dividend of 9%, paid monthly.
Bitcoin’s next major catalyst is right in front of us
Even with the typical summer slowdown in liquidity, Bitcoin’s next major monetary catalyst could arrive as early as September.
As Washington enters its summer recess, focus is expected to return to fiscal issues when Congress reconvenes after Labor Day on September 2, according to a research report from Matrixport released Friday, which stated:
“Fiscal uncertainty has historically been a powerful tailwind for hard assets, and Bitcoin remains front and center in the narrative.”
Despite the importance of US Crypto Week and ongoing accumulation by crypto treasury firms, the report noted that the “true macro driver is hiding in plain sight.”
Meanwhile, markets are currently assigning a 60.8% probability that the Federal Reserve will maintain interest rates at the upcoming Federal Open Market Committee meeting on September 17, according to the latest data from CME Group’s FedWatch tool.
