TLDR
- Metaplanet approved a $884M capital raise to grow its Bitcoin reserves beyond 20,000 BTC.
- Shareholders allowed 550 million new shares to be sold in overseas markets.
- Governance updates include virtual meetings and perpetual preferred shares.
- Eric Trump praised Metaplanet’s Bitcoin vision during its Tokyo shareholder meeting.
Metaplanet shareholders have approved a capital raise of $884 million aimed at expanding the company’s Bitcoin holdings. The move confirms the company’s ongoing shift toward a Bitcoin-focused treasury model, following a vote during an extraordinary general meeting in Tokyo.
Shareholders Approve Capital Raise and Governance Changes
At the meeting held in Tokyo’s Shibuya district, Metaplanet shareholders gave their approval to raise up to 130.3 billion yen (around $884 million) by issuing up to 550 million new shares overseas. The funds will primarily go toward purchasing more Bitcoin, further supporting Metaplanet’s existing strategy.
CEO Simon Gerovich confirmed the results, stating, “All three resolutions have passed.” He also shared updates publicly on X (formerly Twitter) following the vote. The company currently holds over 20,000 BTC, valued at more than $2 billion based on current market prices.
Alongside the capital plan, shareholders also approved three key resolutions tied to the company’s governance. These include an increase in the total number of authorized shares, allowing the company more flexibility in future fundraising and acquisitions.
They also approved the option to conduct virtual shareholder meetings, which aims to increase participation and improve accessibility. The final resolution introduced perpetual preferred shares, which offer regular dividends and have no maturity date, creating new financing options separate from the capital raise.
Strategy Inspired by MicroStrategy’s Bitcoin Approach
Metaplanet has shifted from its original business in hospitality to become one of the largest corporate holders of Bitcoin. Its strategy mirrors that of MicroStrategy, led by Michael Saylor, which has also made Bitcoin the core of its treasury approach.
The newly approved capital raise follows an earlier $881 million stock issuance plan announced by the company in June 2025. Despite a drop in the company’s stock price since then, shareholder approval of this latest move signals continued confidence in the company’s direction.
The company said that it will direct most of the newly raised funds toward increasing its Bitcoin reserves. This approach continues to align with its goal of becoming a major player in the global digital asset space.
Metaplanet’s shift to a Bitcoin-first model has drawn attention within financial markets, particularly in Asia. The board’s decision to issue perpetual preferred shares provides the company with an additional tool for raising funds without increasing debt or diluting existing common shareholders.
Eric Trump Attends Tokyo Meeting, Expresses Support
Eric Trump, who serves as an adviser to Metaplanet, appeared at the meeting in Tokyo alongside CEO Simon Gerovich. Both wore matching Metaplanet jerseys during the event. According to Reuters, Trump praised the company’s leadership and direction during his remarks at the meeting.
His appearance followed his participation in the Bitcoin Asia conference in Hong Kong. At the event, Trump expressed strong views on the potential long-term value of Bitcoin. He said he believed Bitcoin could reach $1 million in the future, citing growing institutional and sovereign interest.
Trump’s presence in Tokyo also reflects the Trump family’s ongoing involvement in the digital asset industry. Their company, American Bitcoin, is reportedly preparing for a Nasdaq listing. The growing partnership between Metaplanet and figures from the U.S. crypto space has brought more global attention to the firm’s strategy.
The approval of this capital plan and governance changes marks another move by Metaplanet to position itself as a Bitcoin-focused public company.
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