Metaplanet Reshapes Capital Structure to Fuel $3.7B Bitcoin Ambition

     

Japanese firm wins shareholder approval to expand shares and introduce dual-class stock to back its long-term BTC strategy

Japanese Bitcoin-focused company Metaplanet secured shareholder approval to revamp its capital framework, opening the door to potentially raise up to $3.7 billion for its aggressive Bitcoin accumulation plan.

At an extraordinary general meeting, investors voted in favor of amending the company’s articles of incorporation to increase authorized shares to 2.7 billion. The plan also introduces a dual-class preferred stock system, designed to attract diverse investor profiles while maintaining control for existing stakeholders.

The new structure includes Class A shares with fixed dividends aimed at income-focused investors, and Class B shares that can convert into common stock, appealing to those seeking higher risk and potential upside if Metaplanet’s Bitcoin strategy succeeds. The framework, described as a “defensive mechanism,” could unlock significant fundraising potential without heavily diluting current shareholders.

Metaplanet edges closer to $3.7B fundraising target for Bitcoin strategy

Earlier this month, Metaplanet outlined a $3.7 billion capital raise to support its ambition of acquiring 210,000 Bitcoin by 2027. Following board approval to issue new shares via an international offering, the latest shareholder vote removed one of the biggest governance obstacles.

While the structure has been approved, the company still needs to finalize issuance terms and file regulatory paperwork in Japan. Attracting sufficient investor demand remains the key challenge to realizing the full $3.7 billion raise.

Despite enthusiasm for its Bitcoin accumulation goals, Metaplanet’s share price has struggled, sliding 54% since June highs, now trading around $5.74 according to Google Finance.

Metaplanet climbs to sixth-largest corporate Bitcoin holder

Metaplanet has also been actively growing its Bitcoin reserves. On Monday, the company added 1,009 BTC worth $112 million, bringing its total holdings to 20,000 BTC, valued at roughly $2.2 billion.

This positions the firm as the sixth-largest corporate Bitcoin treasury worldwide, underscoring its commitment to long-term Bitcoin accumulation despite market and stock price volatility.