Japanese investment firm Metaplanet, based in Tokyo, has announced plans to raise approximately $745 million, or 116 billion yen, through the issuance of 21 million shares to expand its Bitcoin holdings. The firm aims to acquire 21,000 BTC by the end of 2026, with an interim target of 10,000 BTC by the end of 2025. This capital raise, facilitated by 0% discount moving strike warrants, marks the largest equity funding in Asia dedicated to Bitcoin acquisition. Metaplanet's strategy, led by representative director Simon Gerovich, is driven by the declining value of the yen and aims to solidify its position as a global leader in corporate Bitcoin holdings. The company currently holds 1,762 BTC and has seen significant growth since adopting Bitcoin as a core treasury asset in April 2024, including a BTC yield of 309% in the fourth quarter of 2024 and a 430 times increase in trading volume year-over-year. The number of shareholders has also grown to over 50,000.