Home Metaplanet Tops 20,000 Bitcoin Ahead Of Shareholder Vote

Metaplanet Tops 20,000 Bitcoin Ahead Of Shareholder Vote

Share
Metaplanet Tops 20,000 Bitcoin Ahead Of Shareholder Vote
Virtual Digital Assets
Share

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.

Share

Leave a comment

Leave a Reply

Latest News

Base Activates Denim Upgrade With 200 Milliseconds Blocks
News

Base Activates Denim Upgrade With 200 Milliseconds Blocks

Base has activated its fourth mainnet upgrade, Denim, replacing Flashblocks with a system that produces a full block every 200 milliseconds. The...

Goldman Sachs Warns US Election Results Could Put 45% Of Data Centre Expansion At Risk
News

Goldman Sachs Warns US Election Results Could Put 45% Of Data Centre Expansion At Risk

Political uncertainty could threaten 45% of planned US data centre expansion. US data centre power demand could rise from 31 GW in...

OCC Unveils First AI Framework For Banks As Rogue Agents Raise Security Fears
News

OCC Unveils First AI Framework For Banks As Rogue Agents Raise Security Fears

US banking regulator introduces its first supervisory framework for assessing AI risks in banking. Fully autonomous payment agents fall into the framework’s...

Mercado Bitcoin To Reopen Customer Accounts In Phases, Promises To Cover Hack Losses
News

Mercado Bitcoin To Reopen Customer Accounts In Phases, Promises To Cover Hack Losses

Brazilian cryptocurrency exchange Mercado Bitcoin will begin restoring customer account access on Monday following a security breach involving more than $46 million...

Related Articles

Best Crypto Trading Bots In 2026

Running a crypto trading strategy manually can be challenging when markets are...

Reasons Why The U.S. Tops AI Agent Commerce

The concept of agentic commerce where agents can purchase digital services and...

Do You Need A Cryptocurrency Trading Bot?

The crypto market never closes. Bitcoin can move while you are sleeping,...

How To Use Dexscreener To Find Crypto Gems

If you have ever looked at a new crypto token and wondered...