Japanese Bitcoin-focused company Metaplanet has received shareholder approval to significantly overhaul its capital structure. The move, finalized at an extraordinary general meeting, is part of the company’s bold strategy to fund its growing Bitcoin holdings — aiming to eventually hold 210,000 BTC by 2027.
With this new structure in place, Metaplanet now has the green light to raise up to 555 billion yen (around $3.7 billion). The company has also expanded its authorized shares to 2.7 billion and introduced a dual-class stock system to attract a broader range of investors without diluting current shareholder control.
Dual-Class Share System to Balance Risk and Stability
To ensure flexibility in fundraising while maintaining governance stability, Metaplanet has rolled out a dual-class preferred stock system:
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Class A shares are designed for conservative investors, offering fixed dividends for more predictable returns.
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Class B shares carry higher risk but come with conversion rights into common stock, appealing to growth-focused investors who believe in the company’s long-term vision.
Metaplanet calls this structure a “defensive mechanism”, aimed at reducing the risk of excessive dilution while still unlocking significant capital to support its Bitcoin acquisition goals.
Metaplanet Doubles Down on Bitcoin Despite Stock Drop
The capital restructuring comes as Metaplanet continues its aggressive accumulation of Bitcoin. In a recent move, the firm acquired 1,009 BTC, bringing its total holdings to 20,000 BTC, currently valued at about $2.2 billion. This makes Metaplanet the sixth-largest corporate Bitcoin holder globally.
Despite its stock price falling 54% since June, the company remains committed to its long-term goal: amassing 210,000 BTC — roughly 1% of the total Bitcoin supply — by 2027.
This bold strategy underscores Metaplanet’s confidence in Bitcoin’s future, positioning it as one of the most bullish publicly traded companies in the crypto space.
