Metaplanet seeks to raise $3.7 billion ($555 billion) via a stock offer to help fund the aggressive Bitcoin accumulation strategies of its Japanese investment firm.
The company that is called “Asia’s Strategy,” announced The company announced Friday it will be issuing perpetual preferred stock to assist in funding its goal of purchasing 210,000 Bitcoins.BTC( ) before the end 2027. Shares will pay up to 6% in annual dividends, depending on the market and demand.
“The Company intends to actively pursue equity financing as part of its ‘Bitcoin Strategy,’ which aims to acquire 210,000 BTC by the end of 2027,” I said. “We believe that introducing Bitcoin-backed preferred shares represents a pioneering effort to fill this gap.”
Related: ‘Apple should buy Bitcoin,’ Saylor says, as share buyback disappoints
Metaplanet announced its stock offer a day before Cointelegraph published a report on corporate crypto-treasury firms had surpassed $100 billion Bitcoin treasuries have amassed $93 Billion in total investments.
Corporate accumulation continues from companies like Strategy Metaplanet combined with an expanding supply of money could propel the market. Bitcoin’s price above $132,000 Based on the correlation between Bitcoin and the global money supply M2, we expect to see this happen by the end of the year 2025.
Strategy, which is the largest Bitcoin corporate treasury in the world, also has similar efforts to raise capital. The firm revealed a new type on July 22. Bitcoin-backed stock Initial monthly dividends of 9% are paid annually on shares pegged at $100.
Related: Satoshi-era $9.7B Bitcoin OG: Galaxy moves another $1.1B to exchanges
Bitcoin’s next macro catalyst hiding in plain sight
Bitcoin may be able to experience its next important monetary event as soon as this September.
Washington’s summer vacation begins. “attention will likely shift to fiscal matters once Congress reconvenes after Labor Day on September 2,” According to Friday’s research report, MatrixportThen, he said:
“Fiscal uncertainty has historically been a powerful tailwind for hard assets, and Bitcoin remains front and center in the narrative.”
Even though the importance of US Crypto Week Crypto treasury funds continue to accumulate. “real macro driver is hiding in plain sight,” Report added
The markets currently price in 60.8% of the chance that Fed officials will maintain interest rates at the Federal Open Market Committee’s next meeting, scheduled for September 17, according FedWatch, a tool of CME Group, has the most recent estimates.
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Source: cointelegraph.com
