Japan -based investment firm Metaplanet is collecting 555 billion yen ($ 3.7 billion) capital as part of its “bitcoin strategy”, aimed at accumulating 210,000 bitcoins (BTCs) by the end of 2027 company.
Metaplanet demands an increase of $ 3.7 billion to buy more BTC
For the announcement, Metaplanet plans to raise $ 3.7 billion through the stock offering. Processes will be used to find its bitcoin strategy, which targets of acquisition of 210,000 BTC by 2027 at the end of the year.
No, the company said that it would release permanent preference shares to finance the bitcoin strategy initiative. These will offer up to 6% annual dividends under the stock market status, interest rates and investors’ demand.
While the release of new shares increased concerns about the potential weakening for existing shareholders, Metaplanet stated that the estimated impact has increased.
For bin calling, BTC measures that the company’s bitcoin holdings are growing over time relative to their total share base. Its calculation is completely thinner of the completely diluted normal shares by dividing the rate of change in BTC organized by the company.
Today’s statement comes two weeks after Metaplanet couple 800 BTC for your balance sheet. For coingeko data, the company currently rank the sixth Mong Corporate bitcoin holders, with a total of 17,132 BTC.
Metaplanet stock shut down 7.65% today, traded at 1,063 yen ($ 7.18) at the time of writing. However, the stock is more than 200% of the year-by-year.
Companies expecting bitcoin ahead?
After Donald Trump’s victory in the US presidential election in November 2024, Optimism Crypto-Friday has encouraged several global corporations to include their risk for digital assets around the crypto-Friday regulatory reforms.
For example, recently Nyse-listed Marti Technologies Nasal There are plans to convert 20% of their cash reserves into BTC. Similarly, Mara Holdings Completed An increase of $ 950 million for the purpose of expanding bitcoin exposure.
In addition to the above companies, many UK-based firms Satsuma technology And Smart web company Steps are also taken to increase their BTC reserves. This renewed institutional interest is supported by positive macroeconomic signs.
According For the Chicago Mercantile Exchange (CME) Fedwatch Tool, 78.8% chances are that the federal stores such as their September 17 meetings will not cut interest rates in assets. At the press time, BTC trades at $ 115,189 below 2.8% in the last 24 hours.
Image painted from Unsplash.com, chart from Yahoo! Finance, CME Fedwatch and TradingView.com
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