Metaplanet Raises $137M to Reduce Debt and Expand Bitcoin (BTC) Holdings

Japanese investment firm Metaplanet has announced a strategic capital raise of 20 billion yen (approximately $137 million). The company's board has approved the issuance of new shares to institutional investors, with the primary objectives being debt reduction and the further accumulation of Bitcoin (BTC). This move follows Metaplanet's recent adoption of Bitcoin as its core treasury reserve asset, positioning it as a corporate Bitcoin strategy leader in Asia. The firm aims to strengthen its balance sheet and double down on its bullish BTC outlook, mirroring strategies pioneered by companies like MicroStrategy. Analysts view this significant capital allocation as a strong vote of confidence in Bitcoin's long-term value proposition.