Metaplanet has expanded its Bitcoin reserves to over 20,000 BTC, worth more than $2 billion, after acquiring 1,009 additional coins. The Japanese Bitcoin treasury firm, formerly known as Red Planet Japan, announced the milestone ahead of a key shareholder vote on its capital-raising plan.
The proposal seeks approval to issue up to 550 million new shares overseas, targeting proceeds of over $884 million, with the bulk earmarked for additional Bitcoin purchases. Bloomberg reported that Eric Trump is expected to attend the shareholder meeting.
Metaplanet has transitioned from its hotel operator origins to Japan’s foremost Bitcoin treasury company. According to BitcoinTreasuries.net, it is now the seventh-largest corporate holder of BTC worldwide. The company recently joined the FTSE Japan Index as a mid-cap member, signaling its growing influence. President Simon Gerovich called the inclusion a significant step in positioning Metaplanet as Japan’s premier Bitcoin treasury player.
You need to login in order to Like
Leave a comment