Japanese investment firm Metaplanet has achieved a monumental milestone in corporate Bitcoin acquisition, securing shareholder approval for a massive $3.7 billion fundraising initiative that positions the company to become one of the world’s largest institutional Bitcoin holders.
Metaplanet’s Bold Bitcoin Acquisition Strategy
Metaplanet Inc. obtained crucial shareholder authorization for issuing preferred shares worth ¥555 billion. This move significantly accelerates their Bitcoin acquisition plans. The approval came during an extraordinary general meeting in Tokyo on September 2. President Simon Gerovich announced the development through social media channels. This strategic decision follows recent stock price volatility that saw shares decline 55% from June peaks.
Dual-Class Structure for Bitcoin Acquisition Funding
The company will issue 555 million preferred shares through a sophisticated dual-class structure. Class A shares offer fixed dividends for income-focused investors. Meanwhile, Class B shares provide conversion eligibility into common stock. This structure attracts diverse investor profiles while protecting existing shareholders from excessive dilution. The approach demonstrates innovative corporate financing for Bitcoin acquisition objectives.
Ambitious Bitcoin Acquisition Targets
Metaplanet aims to quintuple its Bitcoin holdings from 20,000 to 100,000 coins by 2026-end. The company targets reaching 210,000 Bitcoin by 2027 conclusion. Currently holding 20,000 Bitcoin valued at $2.2 billion, Metaplanet ranks as the sixth-largest corporate Bitcoin holder globally. This aggressive Bitcoin acquisition strategy requires substantial capital infusion and strategic planning.
Capital Structure Optimization
The company temporarily suspended warrant exercises between September 3-30 to explore additional funding mechanisms. Metaplanet already raised over ¥242 billion this year through warrant agreements with Evo Fund. The board must finalize issuance terms and complete regulatory filings before proceeding with the capital raise. These adjustments streamline the capital structure specifically for Bitcoin acquisition purposes.
Market Position and Competitive Landscape
Metaplanet’s share price has demonstrated significant volatility throughout 2025. Shares gained 445% from year-start before experiencing substantial corrections. The stock currently trades around $5.74 with market value approximately double its Bitcoin holdings. This Bitcoin acquisition initiative maintains the company’s competitive edge among institutional cryptocurrency investors.
FAQs
What is Metaplanet’s current Bitcoin holding?
Metaplanet holds 20,000 Bitcoin valued at approximately $2.2 billion, making it the sixth-largest corporate holder globally.
How much funding did shareholders approve?
Shareholders approved ¥555 billion ($3.7 billion) through preferred share issuance for Bitcoin acquisition.
What are Metaplanet’s Bitcoin targets?
The company aims to hold 100,000 Bitcoin by end-2026 and 210,000 Bitcoin by end-2027.
How does the dual-class share structure work?
Class A shares offer fixed dividends, while Class B shares can convert to common stock, balancing investor appeal with shareholder protection.
Why did Metaplanet suspend warrant exercises?
The temporary suspension allows exploration of additional capital-raising mechanisms to optimize Bitcoin acquisition funding.
What regulatory steps remain?
The board must finalize issuance terms and file with Japanese regulators before proceeding with the capital raise.
