Japanese investment firm Metaplanet declared its intention to raise 555 billion yen ($3.73 billion) through a new offering of perpetual preferred shares.

The funding, announced Friday, supports Metaplanet’s “Asia’s Strategy” Bitcoin accumulation goal: acquiring 210,000 Bitcoin (BTC) by the end of 2027.

According to the firm: “The Company intends to actively pursue equity financing as part of its Bitcoin Strategy,… introducing Bitcoin-backed preferred shares represents a pioneering effort.”

Concurrently, other corporate Bitcoin treasury funds are scaling up their crypto investments. Cointelegraph reported recently that these entities had surpassed $100 billion in collective investments, with $93 billion allocated to Bitcoin specifically.

Analysts predict continued corporate accumulation could drive Bitcoin’s price above $132,000 by late 2025 if current trends persist, citing a correlation with global M2 money supply growth.

This strategy aligns with Strategy, the world’s largest corporate Bitcoin treasury firm, which launched a new Bitcoin-backed stock offering with a $100 per share peg and 9% annual dividend.

Despite summer market volatility, Bitcoin analysts suggest the next significant catalyst might arrive in September. Matrixport research notes that “fiscal uncertainty… has historically been a powerful tailwind for hard assets,” positioning Bitcoin as a potential front-burner beneficiary.

Concurrently, market expectations are trending towards Federal Reserve interest rate stability. CME Group’s FedWatch tool currently assigns a 60.8% probability to the Fed maintaining steady rates at their September 17 meeting.