Metaplanet Shareholders Greenlight Bold Bitcoin Expansion Plan
4.8 Investments Metaplanet shareholders approved five proposals to overhaul its capital structure, enabling more Bitcoin purchases, new preferred share options, and overseas funding, while protecting common shareholders and boosting investor confidence.
Metaplanet shareholders have unanimously approved five key proposals at a special meeting, enabling a major overhaul of the company’s capital structure to support its aggressive Bitcoin accumulation strategy. The approved measures include shifting capital stock and reserves into capital surplus, doubling the authorized number of preferred shares for both Class A and Class B, and introducing new dividend-paying structures for these shares. Class A preferred shares, now called MARS, offer monthly floating-rate dividends, while Class B shares provide quarterly dividends, a 10-year buyback option at a premium, and investor protections. The changes allow Metaplanet to raise funds from overseas institutional investors without diluting common shareholders, enhancing its ability to purchase more Bitcoin and expand globally. Following these announcements, Metaplanet’s stock price rose, reflecting strong investor confidence in its Bitcoin-focused strategy. The company’s approach positions it as a leading Bitcoin accumulator in Asia and offers a scalable model for other firms considering large-scale Bitcoin treasury positions.
