2-9-2025 – Metaplanet Inc. has obtained shareholder approval to restructure its capital, enabling up to 555 billion yen ($3.7 billion) in fundraising dedicated to bolstering its Bitcoin reserves. The extraordinary general meeting on September 1 in Tokyo endorsed amendments to the company’s articles, increasing authorized shares to 2.7 billion and establishing a dual-class preferred stock framework.
This approval, following the board’s August 27 resolution for new share issuances, introduces Class A shares with fixed dividends for stability-seeking investors and Class B shares offering conversion rights to common stock for higher-risk participants. The structure acts as a buffer against dilution for existing holders while supporting Metaplanet’s goal of acquiring 210,000 Bitcoin by 2027, equivalent to 1% of the total supply.
On September 1, the firm added 1,009 BTC at an average of $112 million, elevating holdings to 20,000 BTC valued at approximately $2.2 billion, positioning it as the sixth-largest corporate holder globally. However, shares traded at around $5.74 on September 1, reflecting a 54% decline from the June peak amid broader market pressures.
