Metaplanet plans to expand Bitcoin holdings through share sale financing

According to Wu, the share price of Japanese Bitcoin treasury company Metaplanet has fallen by more than 50% since mid-June, and the financing "flywheel" has expired. The company plans to raise $884 million through overseas share sale. On September 1, the shareholders' meeting will vote on whether to issue up to 555 million preferred shares, and is expected to raise US$3.8 billion to expand its Bitcoin holdings. The goal is to increase holdings to 100,000 BTC by the end of 2026. Eric Trump, the second son of US President Trump and company adviser, has been granted 3.3 million shares.