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Metaplanet’s board approves $3.8 billion for Bitcoin purchases
The post Metaplanet’s board approves $3.8 billion for Bitcoin purchases appeared on BitcoinEthereumNews.com. Japanese Bitcoin treasury Metaplanet Inc. has secured shareholder approval for a proposal that will enable it to raise as much as $3.8 billion (¥555 billion) via preferred shares. The company seeks to expand its financing options after its stock slumped. According to Metaplanet’s president, Simon Gerovich, shareholders voted to authorize 555 million preferred shares for potential issuance at a meeting in Tokyo on Monday. The company has confirmed the vote outcome in a disclosure on its website today. Metaplanet shareholders have approved all 3 resolutions at today’s EGM:✅ Increase in Total Number of Authorized Shares✅ Virtual Shareholder Meetings✅ New Provisions for Perpetual Preferred Shares pic.twitter.com/O7UY2lW5P0 — Simon Gerovich (@gerovich) September 1, 2025 In his words, Gerovich described the preferred issuance as a “defensive mechanism” that will protect common shareholders from losing value if the stock price falls below the value of its Bitcoin reserves. While preferred shares typically lack voting rights, they offer dividend priority over common stock. This is a feature that Japanese investors like when interest rates are low. Metaplanet’s resilience after 55% stock dip This initiative comes after a recent announcement of an underwritten offering to raise $884 million ( ¥130 billion) in foreign markets. According to reports, the fundraising will happen on international markets outside Japan, with US-based selling restricted to accredited investors. The pricing of the offering is expected between September 9 and September 11. Metaplanet has raised over $1.6 billion (¥242 billion) through a moving strike warrant agreement with investment firm Evo Fund. However, Metaplanet has stopped all uses of Evo’s warrants from September 3 to September 30. The company seeks new capital-raising tools to keep up with the global race to accumulate Bitcoin. However, as reported by Cryptopolitan earlier, the company is looking to stabilize its stock price, which has declined by nearly…
The post Metaplanet’s board approves $3.8 billion for Bitcoin purchases appeared on BitcoinEthereumNews.com.
Japanese Bitcoin treasury Metaplanet Inc. has secured shareholder approval for a proposal that will enable it to raise as much as $3.8 billion (¥555 billion) via preferred shares. The company seeks to expand its financing options after its stock slumped. According to Metaplanet’s president, Simon Gerovich, shareholders voted to authorize 555 million preferred shares for potential issuance at a meeting in Tokyo on Monday. The company has confirmed the vote outcome in a disclosure on its website today. Metaplanet shareholders have approved all 3 resolutions at today’s EGM:✅ Increase in Total Number of Authorized Shares✅ Virtual Shareholder Meetings✅ New Provisions for Perpetual Preferred Shares pic.twitter.com/O7UY2lW5P0 — Simon Gerovich (@gerovich) September 1, 2025 In his words, Gerovich described the preferred issuance as a “defensive mechanism” that will protect common shareholders from losing value if the stock price falls below the value of its Bitcoin reserves. While preferred shares typically lack voting rights, they offer dividend priority over common stock. This is a feature that Japanese investors like when interest rates are low. Metaplanet’s resilience after 55% stock dip This initiative comes after a recent announcement of an underwritten offering to raise $884 million ( ¥130 billion) in foreign markets. According to reports, the fundraising will happen on international markets outside Japan, with US-based selling restricted to accredited investors. The pricing of the offering is expected between September 9 and September 11. Metaplanet has raised over $1.6 billion (¥242 billion) through a moving strike warrant agreement with investment firm Evo Fund. However, Metaplanet has stopped all uses of Evo’s warrants from September 3 to September 30. The company seeks new capital-raising tools to keep up with the global race to accumulate Bitcoin. However, as reported by Cryptopolitan earlier, the company is looking to stabilize its stock price, which has declined by nearly…
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