Metaplanet Seeks $3.9 Billion to Buy Bitcoin by 2027
Japanese firm Metaplanet aims to fund a massive Bitcoin purchase. It plans to raise 555 billion yen ($3.9 billion) via two types of shares tied to BTC. The money will help meet its lofty goal – acquiring enough Bitcoin by 2027.
In a recent update, the company laid out its funding plan. Over the next two years, Metaplanet will let investors buy into its Bitcoin strategy. One share type offers lower risk, while another pays higher dividends but is more volatile.
Proponents see this as a groundbreaking move. By pooling investor capital, the firm can amass large amounts of Bitcoin. Detractors argue Bitcoin investments expose shareholders to higher risk due to price swings.
Metaplanet believes its vision will pay off long-term despite risks.The firm could become one of the largest corporate Bitcoin holders if accomplished. Some companies shy away from crypto exposure while Metaplanet embraces it wholeheartedly.
How this plays out is still up in the air. While enterprising, raising such massive capital for crypto exposure is unprecedented. The coming years will show weather this audacious plan transforms Metaplanet into a Bitcoin titan.
