– Japanese firm Metaplanet buys 463 BTC for $53.7M, boosting holdings to 17,595 BTC valued at $1.78B.
– Plans to raise $3.7B via preferred shares to expand Bitcoin portfolio, pending shareholder approval.
– Bitcoin’s recent rise to $114,594 driven by rate cut expectations and weak U.S. job data.
– Despite 459% BTC gains, Metaplanet’s stock fell 6% amid capital-raising concerns.
– Institutional confidence in Bitcoin grows as corporate adoption and macroeconomic hedges drive accumulation.
