Japanese investment firm Metaplanet saw its stock rise over 12% on June 9, 2025, after announcing plans to acquire 210,000 Bitcoin by 2027. This acquisition would make Metaplanet the second-largest Bitcoin holder among public companies, following Michael Saylor's Strategy. The company's shares, listed as 3350T, peaked at 1,641 yen ($11.36) during trading. Metaplanet intends to raise $5.4 billion to fund this ambitious purchase, significantly increasing its previous target of 21,000 BTC. Currently, the firm holds 8,888 Bitcoin, having recently acquired 1,088 BTC. This move reflects a broader trend of corporations adding Bitcoin to their reserves, with 61 publicly listed companies now holding 3.2% of all Bitcoin, according to a Standard Chartered report.