Japanese investment company Metaplanet plans to raise $1.2 billion through an overseas share issuance, with $835 million designated for Bitcoin purchases. The company aims to issue 555 million new shares, increasing total outstanding stock to 1.27 billion. Funds will also bolster Bitcoin Income Business and protect against inflation risks.

Metaplanet’s strategy includes acquiring more Bitcoin to reach over 210,000 BTC by 2027. The offering targets institutional investors overseas and is not available in the US. CEO Simon Gerovich emphasized the international share offering, refraining from further comment due to legal restrictions. The company’s performance led to inclusion in the FTSE Japan Index.

Metaplanet’s upgrade to a mid-cap stock in FTSE Russell’s indices follows a strong Q2. Inclusion in the FTSE Japan Index and FTSE All-World Index positions the company among major global players. The move aligns with the company’s aggressive Bitcoin-focused strategy to enhance corporate value and mitigate inflation risks.

Read more at Cointelegraph: Metaplanet to Raise $1.2B, $835M for Bitcoin Buys