Metaplanet Targets $50 Stock Price After $5.4B Bitcoin Fundraising Plan

Metaplanet Inc. (OTCMKTS: MTPLF) surged 26.49% in Friday’s U.S. trading session, closing at $11.65. The rally followed news of the company’s $5.4 billion equity financing plan aimed at significantly expanding its Bitcoin reserves.

The Tokyo-based firm will issue 5.55 billion new shares using floating strike price warrants. This structure allows the company to capitalize on its stock’s volatility while avoiding typical discounted share offerings.

Investor confidence was reflected in record trading volumes on both the Tokyo Stock Exchange and U.S. markets. By making the decision, Metaplanet aims to own 210,000 BTC, or 1% of the total Bitcoin supply, by 2027.

According to the company’s CEO, Simon Gerovich, the transaction was issued at a price higher than the market rate, which is unusual in Japan. He stressed that the funding was built to benefit shareholders and help with the company’s long-term investments in Bitcoin.

Also Read: Pundit Believes Elon Musk Will Use XRP as Official Token of X

New Projections Point to Stock Rally If Bitcoin Price Rises

According to Syz Capital founder Richard Byworth, the $5.4 billion raise could expand Metaplanet’s market cap by up to 75%. Even with Bitcoin prices holding steady, the company’s market net asset value could rise to 3.5x, pushing the stock to $18.

Should valuation multiples return to previous levels of 5x to 6x, Metaplanet’s market cap could climb to between $32 and $38.5 billion, resulting in a stock price between $25 and $30.

If Bitcoin prices rise to $200,000, Byworth predicts the MTPLF stock will increase to $50 if there is no future fundraising. It is in line with the overall positive outlook in crypto markets.

Michael Saylor recently reiterated his view that Bitcoin remains a long-term asset, dismissing concerns over potential threats like quantum computing.

Metaplanet’s record-breaking fundraising plan and increased Bitcoin targets have captured investor attention. The firm’s strategic approach could continue to drive momentum in both equity and cryptocurrency markets.

Also Read: XRP Set to Dominate? Ripple Pushes ILP Integration With Global Banks

The post Metaplanet Targets $50 Stock Price After $5.4B Bitcoin Fundraising Plan appeared first on 36Crypto.