Japanese investment firm Metaplanet shareholders have approved a massive $884 million capital-raising plan aimed at expanding the company’s Bitcoin treasury holdings. The proposal allows the Tokyo-listed company to issue up to 550 million new shares overseas, with a significant portion of the funds expected to be used for additional Bitcoin purchases. The approval highlights growing investor confidence in Metaplanet’s aggressive crypto-focused strategy despite recent volatility in the digital asset market.
The company, which has rapidly transformed from a traditional hotel business into one of Asia’s largest corporate Bitcoin holders, currently owns more than 20,000 BTC valued at over $2 billion. CEO Simon Gerovich stated that the new fundraising plan will strengthen the company’s long-term vision of positioning Bitcoin as a core treasury reserve asset. Shareholders also approved governance-related resolutions, including virtual shareholder meetings and new perpetual preferred share provisions to improve future financing flexibility.
The shareholder meeting in Tokyo also drew attention due to the presence of Eric Trump, who has been associated with the company as an advisor since earlier this year. Metaplanet’s strategy continues to draw comparisons with Michael Saylor and his corporate Bitcoin accumulation model. With fresh capital now potentially available, Metaplanet is expected to further accelerate its Bitcoin acquisition plans as institutional adoption of digital assets continues to expand globally.
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