Join Our Telegram channel to stay up to date on breaking news coverageJapan-based Bitcoin treasury firm Metaplanet added $15.2 million worth of BTC to its holdings on Thursday, even as its shares plunged 3%, extending a month-long slide of almost 32%. The recent buy now places the company less than 4,000 BTC away from surpassing crypto mining firm Riot Platforms as the fifth-biggest corporate Bitcoin holder globally. The company could keep climbing the corporate Bitcoin rankings, especially with Metaplanet’s goal to acquire 210,000 BTC by the end of 2027. Metaplanet will also have to file detailed registration statements to local regulators before it can proceed with the plan. While Metaplanet’s investors and board of directors have agreed to expand the company’s authorized shares, there remains one major obstacle that could make raising the capital difficult.