Metaplanet Secures Shareholder Backing for Aggressive Bitcoin Strategy

Metaplanet JP3481200008

Shareholders of Tokyo-listed Metaplanet have delivered unanimous approval for a comprehensive capital restructuring plan, clearing the path for a significant expansion of the company’s Bitcoin holdings. The December 22nd extraordinary general meeting saw all five management proposals pass, a move endorsed by a surprising source: the world’s largest sovereign wealth fund.

Chief Executive Simon Gerovich confirmed the full backing, which establishes the framework for Metaplanet’s ambitious target of accumulating 100,000 Bitcoin. The approved measures include adjustments to capital reserves to facilitate dividend payments and a doubling of authorized Class A and B preferred shares. Notably, the newly designated “MARS” shares are designed to offer investors variable monthly dividends.