Metaplanet Stock Jumps As Investors Back Bitcoin-Focused Capital Plan
Metaplanet’s Bitcoin strategy got another green light on Monday, and the market noticed.Shares of the Japan-based Bitcoin treasury firm climbed more than 4% after shareholders approved all five proposals at the company’s Extraordinary General Meeting (EGM) on December 22. The vote reshaped how Metaplanet plans to raise capital and keep buying Bitcoin.By the close of trading, the stock was up 4.16% at 451 JPY, with volume picking up as investors reacted to the outcome. Over the past month, Metaplanet shares are now up more than 26%, signaling renewed momentum after a steep drop earlier this year.All Five Proposals PassThe outcome was shared by Dylan LeClair, Metaplanet’s director of Bitcoin strategy, who posted on X.Among the approved measures was a shift of capital stock and reserves into capital surplus. The goal is to give the company more room to pay preferred dividends and potentially execute share buybacks. Shareholders also approved doubling the authorized number of preferred shares for both Class A and Class B.CEO Simon Gerovich also confirmed the vote shortly after the meeting. おつプラネット。株主総会をご視聴いただきありがとうございました。議案につきまして全て承認可決されました。ありがとうございました。Thank you for attending the shareholders’ meeting. All agenda items were approved. Thank you very much. A Clear Focus on Bitcoin AccumulationThe EGM also locked in updates to Metaplanet’s preferred share structure. Class A “MARS” shares were amended to offer monthly, floating-rate dividends, while Class B “MERCURY” shares now follow a quarterly dividend schedule with added investor protections.Just as important, shareholders approved issuing Class B preferred shares to overseas institutional investors. That move supports Metaplanet’s plan to raise funds without further diluting common shareholders – capital that is expected to support future Bitcoin purchases.Institutional Backing Adds WeightThe EGM vote followed earlier backing from Norges Bank Investment Management, the world’s largest sovereign wealth fund, which had already signaled its support ahead of the meeting. The fund currently owns about 0.3% of Metaplanet.According to Coingecko, Metaplanet now holds 30,823 BTC, worth over $2.7 billion, placing it fourth among public Bitcoin treasury companies globally.With shareholder and institutional support aligned, the company’s Bitcoin-focused direction looks firmly set.FAQsHow could Metaplanet’s new share structure affect investor returns? The updated Class A and Class B preferred shares provide more flexible dividend schedules and added protections, which could make returns more predictable for income-focused investors. This structure may attract long-term holders seeking steady payouts alongside Bitcoin exposure. How might Metaplanet’s EGM decisions influence the broader Bitcoin market? By securing funding for additional Bitcoin purchases, Metaplanet could increase institutional demand for BTC, potentially supporting higher prices. Other treasury-focused firms may also consider similar capital strategies in response. Who stands to benefit the most from Metaplanet’s strategic changes? Preferred shareholders, institutional investors, and the company itself could gain the most, as the new structures offer stable dividends and capital-raising flexibility. Common shareholders may also see indirect benefits if Bitcoin accumulation drives long-term stock growth.