June 24th, Japanese company Metaplanet announced on Tuesday that its board of directors has approved a $5 billion capital injection into its wholly-owned US subsidiary. The company established a US branch in Miami, Florida last month for global expansion. Metaplanet stated that it has completed the initial capitalization phase and is now entering an active expansion phase.Metaplanet plans to obtain this $5 billion funding through exercising stock acquisition rights. The company began implementing a Bitcoin accumulation strategy in April 2024, believing that this will enhance shareholder value in the long term.On Monday, Metaplanet announced an addition of 1,111 bitcoins to its treasury, bringing the total holdings to 11,111 bitcoins. According to bitcointreasuries.net data, this makes Metaplanet the eighth largest corporate Bitcoin holder, with only 398 bitcoins less than Tesla.