Metaplanet Approves Five Key Proposals to Boost Bitcoin Holdings and Attract Global Investors

Highlights:

• Metaplanet restructured its capital to attract investors and boost financial flexibility.
• Shareholders approved dividend updates, expanded preferred shares, and global investor participation.
• The company holds 30,823 Bitcoins and plans U.S. listings to reach worldwide investors.

Metaplanet, Japan’s largest corporate Bitcoin holder, approved major changes to its capital structure on Monday. The company made these updates to attract institutional investors and strengthen its financial flexibility while continuing its long-term Bitcoin strategy.

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Metaplanet Updates Capital Structure and Dividends to Strengthen Bitcoin Holdings

Dylan LeClair, director of Bitcoin strategy, said shareholders approved the proposals. First, the company reclassified its capital stock and reserves to capital surplus. This allows Metaplanet to pay dividends on preferred shares and gives the option to buy back shares in the future. Then, shareholders agreed to double the total number of Class A and Class B preferred shares. This expansion gives Metaplanet more capacity to manage investments and reward shareholders effectively.

The company updated dividend rules for both share classes. Class A preferred shares, called MARS (Metaplanet Adjustable Rate Security), will pay monthly floating-rate dividends to provide stability for investors. Class B preferred shares will pay quarterly dividends and include protections, such as a 10-year issuer call and a put right for investors unless an IPO happens within one year. These changes make the shares more flexible and appealing to investors in Japan and abroad.

Metaplanet additionally cleared the issuance of Class B preferred shares to international institutional investors. This step opens access to global capital and strengthens the company’s financial position.

5/5 Proposals Approved at the @Metaplanet Extraordinary Shareholder Meeting

1) Approve shift of capital stock and capital reserve to capital surplus to increase capacity for preferred share dividends & potential share buybacks. ✅

2) Increase the total number of authorized…

— Dylan LeClair (@DylanLeClair) December 22, 2025

CEO Simon Gerovich said, “Thank you for attending the shareholders’ meeting. All agenda items were approved. Thank you very much.”

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. pic.twitter.com/0O3elUOl13

— Simon Gerovich (@gerovich) December 22, 2025

Company’s Shares Rise as Bitcoin Holdings Grow

Currently, Metaplanet holds approximately 30,823 Bitcoins, valued at $2.75 billion. This makes it the largest corporate BTC holder in Asia and the fourth-largest in the world. The company is also planning to list on the U.S. over-the-counter market through American Depositary Receipts. This will allow more international investors to access its shares and participate in its growth story.

Metaplanet shares rose over 4% on the day of its extraordinary general meeting. The company’s stock rose more than 26% in the past month. It bounced back from a 52-week high of 1,930 JPY in June. This rise shows that investors are gaining confidence after earlier declines. The market response shows that investors are optimistic about Metaplanet’s growth. 

Meanwhile, Strategy, another major Bitcoin treasury, is signaling further expansion. Michael Saylor shared a short post with green dots leading orange dots alongside a chart tracking his firm’s Bitcoin acquisitions. Market watchers widely interpreted this as a hint that more BTC buying could be coming soon.

These developments come as Bitcoin struggles. The cryptocurrency fell 6% from about $90,000 to a weekly low of $84,580 on Friday. It later recovered to around $89,800 on Dec. 22 but then dropped again to about $89,633 at press time, rising just 1.21% in the past 24 hours.

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