Haciyev Reşit 
Japan-Based Bitcoin Treasury Firm Metaplanet Inc. Secures Shareholder Approval for $884 Million Overseas Equity Sale Metaplanet Inc., the Tokyo-based Bitcoin treasury firm, received shareholder approval on Monday for a $884 million overseas equity sale, aiming to ease financing pressures tied to its stock performance.
Shareholder Meeting & Strategic Advisor Role
- The meeting was held in Tokyo’s Shibuya district, where three shareholders approved the capital increase plan.
- Eric Trump attended as a strategic advisor, playing an active role in Metaplanet’s Bitcoin treasury strategy.
- The discussions also covered preferred shares and regulations allowing new overseas equity issuance.
Financing Strain & “Flywheel” Mechanism
Metaplanet’s stock-linked “flywheel” financing mechanism has slowed due to declines in both its share price and Bitcoin markets. CEO Simon Gerovich’s Bitcoin accumulation strategy has faced headwinds from stock volatility and delayed financing. Ray Youssef, CEO of NoOnes, warned that such challenges expose risks beyond Bitcoin’s inherent volatility.
Bitcoin Purchases & Strategic Targets
During the meeting, Metaplanet announced the acquisition of 1,009 BTC for $112.2 million, raising its total holdings to 20,000 BTC. This move propelled the company past Riot Platforms, making it the sixth-largest publicly traded Bitcoin treasury holder globally. Metaplanet aims to reach 210,000 BTC by 2027, though failure to complete the capital raise could jeopardize its 100,000 BTC goal by 2026.
Stock Performance & Market Reaction
Metaplanet’s stock has fallen 54% since mid-June, with Monday’s close at $5.65 (¥831), down 5.46%. Some market observers view the equity sale as a “desperate move.” Despite this, the company has been upgraded to mid-cap status by FTSE Russell in its September review, securing inclusion in major global indexes.
Outlook
Metaplanet hopes the capital raise and strategic roadmap will allow it to sustain its aggressive Bitcoin accumulation strategy. While shareholder approval supports its global growth ambitions, market volatility and Bitcoin price action remain critical factors in achieving its long-term goals.
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