Metaplanet Plans to Raise Another $884 Million to Boost BTC Reserves

Metaplanet Inc. has seen its stock price fall significantly. Its shares have fallen by more than 50% since mid-June this year. However, the management is not changing its strategy and is preparing for a large-scale capital raising. According to Bloomberg, the company intends to raise $884 million by placing securities abroad and also put the issue of issuing up to 555 million preferred shares to a shareholder vote. If successful, the total amount of funds received could reach $3.8 billion, which will be used to increase bitcoin reserves.

Despite the price correction, Metaplanet management demonstrates ambitious plans to increase the volume of its BTC assets to 30 thousand coins by the end of this year. This approach positions the company among the leaders in corporate accumulation of digital gold and attracts the attention of investors, despite the risks and volatility.

Of particular interest was the involvement of Eric Trump, son of US President Donald Trump, who received 3.3 million shares in the company and became its adviser. This move increased interest in Metaplanet from US investors and provoked discussions about the political factor in corporate crypto strategy.

The market and its participants, however, remain cautious. Technical indicators on the Bitcoin exchange rate chart indicate the likelihood of a short-term correction, which may affect the success of the upcoming placement. Nevertheless, social sentiment remains predominantly positive, especially given the active support from major figures in the crypto industry.

Metaplanet's long-term prospects are linked to an institutional shift towards transparent corporate governance and strategic positioning as a pioneer among companies converting capital into digital assets.

Source: cryptonews.net