Japanese Bitcoin investment firm Metaplanet filed a shelf registration to raise up to $3.6 billion through the issuance of perpetual preferred shares, aiming to fund its bold plan to acquire 210,000 BTC by 2027. The company currently holds 17,132 BTC, valued at approximately $2 billion, and has achieved a year-to-date BTC yield of over 430%.
Metaplanet is proposing two new classes of non-voting perpetual preferred shares: Class A, with fixed dividend payouts up to 6% and bond-like features, and Class B, offering stock conversion options via put mechanisms. Amendments have also been proposed to increase authorized share capital to 2.72 billion shares.
While no specific issuances are confirmed yet, shareholder approval and regulatory clearance will be discussed at an extraordinary general meeting on September 1. The shelf registration covers a two-year window, with proceeds exclusively earmarked for Bitcoin acquisitions, reinforcing Metaplanet’s aggressive digital asset strategy amid soaring investor interest.
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