Metaplanet, Japan’s Bitcoin treasury firm, has won shareholder approval for a massive $884 million capital raise aimed at expanding its BTC reserves. The Tokyo-based company will issue up to 550 million new shares overseas, unlocking 130.3 billion yen in proceeds for further Bitcoin purchases.
Metaplanet already holds more than 20,000 BTC, worth over $2 billion, making it one of the largest corporate Bitcoin holders globally. The strategy mirrors MicroStrategy’s treasury model, with the company pivoting from its past as a hotel operator into a pure Bitcoin investment vehicle.
CEO Simon Gerovich confirmed the approval during an extraordinary general meeting in Shibuya, describing it as a strong vote of confidence in the firm’s digital asset direction.
Even with shares falling more than half from June highs, investors appear committed to supporting the firm’s long-term Bitcoin-first approach. The nearly $900 million raise reinforces Metaplanet’s intent to grow its BTC treasury aggressively in the coming years.
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