Japanese investment firm Metaplanet is aiming to raise over $62 million through a stock acquisition plan to boost its Bitcoin holdings. Currently, the firm holds 1,142 Bitcoin, valued at over $109 million. The funds will be raised via a third-party allotment to EVO Fund, with the majority earmarked for Bitcoin purchases. Metaplanet cites the depreciating yen and Bitcoin's rising prominence as key reasons for this move. If successful, the firm could acquire around 652 additional Bitcoin. Metaplanet is also pausing its metaverse projects, focusing instead on Bitcoin as part of its treasury strategy.