Metaplanet to raise ¥555B via dual-class shares for bitcoin
Metaplanet has won shareholder approval to expand authorized shares to 2.7 billion and introduce a dual-class share system to raise up to ¥555 billion ($3.7 billion) for its bitcoin accumulation strategy. The new A-class shares offer fixed dividends, while B-class shares convert to ordinary equity, protecting existing shareholders from dilution and securing control. Proceeds will fund the acquisition of 210,000 BTC by 2027. Metaplanet has already purchased 1,009 BTC for about $112 million, bringing total holdings to 20,000 BTC (roughly $2.2 billion). The board must still set issuance terms and file registration statements with regulators. Despite a 54% fall in its share price since June, the move underscores growing corporate demand in the bitcoin market.
Bullish
Metaplanet’s plan to raise up to ¥555 billion via a dual-class share offering and acquire 210,000 BTC by 2027 signals robust corporate demand and potential upward pressure on bitcoin prices. With an initial purchase of 1,009 BTC for $112 million and a treasury holding of 20,000 BTC, the firm’s accumulation strategy underscores long-term support for bitcoin. Although its share price has fallen 54% since June—reflecting short-term investor caution—the scale of the fundraising and acquisition strategy points to a bullish outlook for bitcoin in the mid- to long term.