Metaplanet, a Bitcoin reserve company known as the "Japanese micro-strategy," recently announced on the X platform that its Director of Strategy, Dylan LeClair, stated that a special shareholders' meeting at Metaplanet unanimously approved five equity-related proposals. These proposals will help the company raise more funds to purchase more Bitcoin without immediately diluting the equity of existing common shareholders, further strengthening its long-term strategy as a Bitcoin treasury.
Specific contents of the five proposals
In his post, Dylan LeClair detailed the five passed proposals. First, capital reserves and capital stockpiles were transferred to capital surplus to enhance preferred stock dividend payment capacity and potential share buyback capacity. Second, the total authorized number of Class A and Class B preferred shares was increased from 277.5 million to 555 million each. The third proposal modified the Class A preferred stock to a monthly floating-rate dividend structure, designed to provide price stability, and is called "MARS" (Metaplanet Adjustable Rate Securities). The fourth proposal modified the Class B preferred stock to a quarterly dividend structure, added a 10-year 130% issuer redemption right, and granted investors a sell-back right if no IPO occurs within one year. These designs make preferred stock more attractive, especially to institutional investors seeking stable returns. The final proposal approved the issuance of Class B preferred stock to overseas institutional investors, which will allow international fund managers to more easily trade Metaplanet shares, expanding the company's funding sources.
LeClair emphasized that this move will not only strengthen the capital structure but also attract more global investors to participate in the Bitcoin accumulation plan.
Metaplanet rebounds sharply
As of now, according to official data, Metaplanet holds approximately 30,823 bitcoins, exceeding its 2025 annual target (originally set at 30,000 bitcoins), making it one of the publicly traded companies with the largest bitcoin holdings globally. However, the company has suspended adding new bitcoins since its last major purchase at the end of September 2025.
In terms of stock performance, according to data from Google Finance, Metaplanet's stock price (Tokyo Stock Exchange code 3350) rebounded sharply in December, with a monthly increase of 26%, and its market value recovered to 528.8 billion yen.
