Metaplanet, a Tokyo-based investment firm often dubbed “Asia’s Strategy,” has announced plans to raise 555 billion yen (approximately $3.73 billion) through a new stock offering as it accelerates its Bitcoin acquisition strategy.

The funds will be used to support the company’s long-term objective of acquiring 210,000 Bitcoin by the end of 2027. 

To achieve this, Metaplanet will issue perpetual preferred shares that may yield up to a 6% annual dividend, subject to investor demand and prevailing market conditions.

“The Company intends to actively pursue equity financing as part of its ‘Bitcoin Strategy,’ which aims to acquire 210,000 Bitcoin by the end of 2027,” the firm stated. 

“We believe that introducing Bitcoin-backed preferred shares represents a pioneering effort to fill this gap.”

This move follows a broader trend of institutional Bitcoin accumulation.

Strategy, the largest corporate holder of Bitcoin, launched a Bitcoin-backed stock priced at $100 per share, with an initial annual dividend of 9% paid out monthly.

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