Japan's Metaplanet raised $517 million in a single day for the exclusive purchase of additional Bitcoin, marking one of the largest Bitcoin-related capital raises by a Japanese company.
Metaplanet now holds a total of 10,000 BTC, establishing its position as Asia's largest corporate Bitcoin holder and the seventh largest publicly traded company globally by Bitcoin treasury size.
The funds were raised through the '555 Million Plan' by issuing 54 million shares, potentially setting a precedent for other corporations interested in diversifying treasuries or hedging against fiat currency devaluation.
Metaplanet's bold move may pave the way for increased corporate crypto adoption and shift Bitcoin from speculation to a core component of institutional finance.