Metaplanet’s Bitcoin accumulation plan uses an expanded authorized-share base and a dual‑class preferred stock structure to raise up to ¥555 billion (~$3.7B) for purchases aimed at reaching 210,000 BTC by 2027, preserving voting control for existing shareholders while offering yield or conversion upside to new investors.
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Share expansion approved to fund Bitcoin purchases
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New dual‑class stock (Class A fixed dividend, Class B convertible) balances investor types and dilution protection.
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Shareholder vote unlocks up to ¥555 billion (~$3.7B) potential fundraising; Metaplanet now holds ~20,000 BTC after a 1,009 BTC purchase.
Meta description: Metaplanet Bitcoin accumulation plan: shareholders approved expanding shares and dual‑class stock to raise up to ¥555B (~$3.7B) to buy Bitcoin — read key details.
Metaplanet charted a path to expand shares and issue dual-class stock, reinforcing its long-term Bitcoin accumulation plan.
Japanese Bitcoin‑stacking company Metaplanet secured shareholder approval to overhaul its capital structure, clearing a path for billions in potential fundraising earmarked for its Bitcoin accumulation strategy.
At an extraordinary general meeting on Monday, investors backed amendments to the company’s articles of incorporation to expand authorized shares to 2.7 billion. The plan also creates a dual‑class preferred stock system to attract varied investors while limiting dilution to common shareholders.
Source: Metaplanet
What is Metaplanet’s capital restructure and fundraising goal?
Metaplanet’s capital restructure increases authorized shares to 2.7 billion and introduces Class A and Class B preferred stock to support up to ¥555 billion (~$3.7 billion) in fundraising intended to buy Bitcoin and advance its target of acquiring 210,000 BTC by the end of 2027.
How do the new share classes work?
Class A shares offer a fixed dividend for income‑focused investors. Class B shares are higher‑risk, with conversion rights into common stock to capture upside if Bitcoin accumulation boosts company value. The design aims to provide yield or capital appreciation while protecting common shareholders from excessive dilution.
When can Metaplanet actually issue new shares?
Shareholder approval cleared the structural hurdle, but the board must still set issuance terms and file registration statements with Japanese regulators. The company also plans an international offering; final timing depends on board resolutions and successful regulatory filings.
What are the immediate market and treasury impacts?
Metaplanet purchased 1,009 BTC for about $112 million on Monday, bringing its holdings to roughly 20,000 BTC (~$2.2B at current prices). Share prices have recently fallen, trading around $5.74 — a 54% decline from a June high of $12.75 — which may affect investor appetite for large equity raises.
| Feature | Class A | Class B |
|---|---|---|
| Dividend | Fixed income | None (higher risk) |
| Conversion | No | Convertible to common stock |
| Investor profile | Income‑focused | Upside‑seeking / speculative |
| Dilution protection | Designed to limit dilution | Structured option to convert |
Metaplanet stock prices in the last six months. Source: Google Finance
Why does Metaplanet call the move a “defensive mechanism”?
Metaplanet frames the dual‑class system and share expansion as a defensive measure to prevent excessive dilution of common equity while unlocking large fundraising capacity. The approach provides targeted instruments for different investor preferences without ceding controlling interest.
Frequently Asked Questions
How realistic is Metaplanet’s ¥555B fundraising target?
Raising the full ¥555B depends on investor demand, market conditions, and final issuance terms. The board still must approve specifics and complete regulatory filings, so achieving the maximum raise is conditional and not guaranteed.
How does this affect Metaplanet’s corporate Bitcoin ranking?
Metaplanet is currently the world’s sixth‑largest corporate Bitcoin holder after its latest 1,009 BTC purchase, increasing holdings to roughly 20,000 BTC — a significant corporate treasury position.
Key Takeaways
- Shareholder approval secured: Enables expansion to 2.7 billion authorized shares and a dual‑class preferred system.
- Fundraising potential: Up to ¥555 billion (~$3.7B) earmarked to accelerate Bitcoin accumulation toward 210,000 BTC by 2027.
- Strategic balance: Structure aims to attract diverse investors while protecting common shareholders and preserving control.
How can investors track next steps?
Watch for the board’s issuance resolution and detailed registration statements filed with Japanese regulators. Official company filings and regulatory disclosures will contain the specific issuance terms and timeline.
Conclusion
Metaplanet’s approved capital overhaul — raising authorized shares and introducing dual‑class preferred stock — materially advances its Bitcoin accumulation strategy while aiming to limit dilution for existing shareholders. Execution now depends on board approvals, regulatory filings, and investor demand; the company’s next announcements will determine how quickly it can convert approval into purchases and treasury growth.
Published: 2025-09-03 · Updated: 2025-09-03 · Author/Organization: COINOTAG
Sources: Metaplanet regulatory disclosures; Google Finance; public company filings and official statements (plain text references only).
