On December 25th, Metaplanet's board of directors officially approved an ambitious plan to aggressively expand its long-term Bitcoin accumulation strategy, aiming to hold a total of 210,000 BTC by the end of 2027. This move further solidifies Metaplanet's position as one of the most aggressively pursuing a "Bitcoin Treasury" model in Asia, amidst a growing number of companies viewing Bitcoin as a strategic reserve asset in place of traditional cash.
According to the newly approved plan, Metaplanet will expand its issuance of both Class A and Class B preferred shares, while adding more flexible financial features to attract investors. Specifically, the new issuances will feature a floating interest rate mechanism, coupled with a quarterly Chia policy, making the company's shares more attractive in a volatile global interest rate environment. Notably, Class B preferred shares will be granted the issuer a 130% redemption right, along with the right to sell related to IPO events, thereby increasing the level of protection for investors holding this type of stock.
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Another new aspect of the plan is that Metaplanet allows the issuance of Class B shares to overseas institutional investors, demonstrating its ambition to expand its international Capital base and increase access to global funds to support its strategy of acquiring more Bitcoin. Targeting foreign investors also reflects a general trend among Japanese companies seeking to capitalize on the growing international financial interest in the Asian crypto market.
