MetaPlanet, a Japanese BTC treasury firm, is close to reaching the stock price trigger for its new share issuance plan aimed at expanding its Bitcoin holdings. The company's stock surged 15% to 605 yen, approaching the 637 yen threshold needed to activate its Series 23 warrant plan, which would allow the issuance of up to 105 million new shares. The funds from this issuance are expected to be used for purchasing additional Bitcoin. If MetaPlanet's stock price continues to climb to 777 yen, the Series 24 warrants will be triggered, permitting another issuance of 105 million shares. Currently, MetaPlanet holds 35,102 Bitcoin, ranking as the fourth-largest publicly traded company by Bitcoin holdings. The company's stock has increased by 90% since December, with its enterprise value to Bitcoin holdings ratio reaching 1.36, the highest since October.