In today’s briefing:
- Metaplanet (3350) | Metaplanet’s Treasury Ambition Grows

Metaplanet (3350) | Metaplanet’s Treasury Ambition Grows
- Metaplanet aims to raise ¥745B via a 555M share issuance to expand its Bitcoin holdings, targeting 100,000 BTC by end-2026.
- The raise implies significant dilution, but rising share prices and strong NISA retail demand could make the capital goal achievable within 12–18 months.
- Early investors benefit structurally from raises above NAV, as Metaplanet evolves into a long-term institutional vehicle for Bitcoin exposure and monetary debasement hedging.
