Metaplanet is stepping up its Bitcoin strategy with a fresh $137 million capital raise to pay down debt and accumulate more BTC. Metaplanet, a Tokyo-listed firm known for its aggressive Bitcoin accumulation, has announced a capital raise of up to 21 billion yen, or around $137 million. Long-Term Bitcoin StrategyMetaplanet is modeling its Bitcoin strategy after U.S.-based Strategy (formerly MicroStrategy), which holds more than 700,000 BTC. With current holdings of 35,102 BTC, Metaplanet ranks fourth among public companies. Interestingly, this raise comes shortly after Metaplanet reported a 104.6 billion yen ($680 million) Bitcoin-related impairment due to market fluctuations.