Will Shareholders Approve $150M Fund for Metaplanet Bitcoin Plan?

Metaplanet Bitcoin Plan Targets 210,000 BTC Ahead of Shareholder Vote

Highlights of the Metaplanet Bitcoin Plan

1. Metaplanet is urging shareholders to vote ahead of its extraordinary general meeting on December 22, 2025, which will be held online.

2. The company is seeking approval to issue up to $150 million in preferred shares to fund additional Bitcoin (BTC) purchases.

3. This move supports Metaplanet’s long-term strategy to expand its treasury to 210,000 BTC by 2027.

4. Metaplanet Tokyo-traded treasury company believes the proposal could reshape its capital structure and accelerate BTC accumulation.

Why This Matters?

This vote is important for shareholders, as it determines whether Metaplanet can raise fresh capital without immediate dilution to common stock. For the broader market, the proposal reflects a growing trend of corporate BTC adoption, where companies use structured financing to build reserves. If approved, it may also influence market sentiment, signaling continued institutional confidence in crypto despite ongoing price volatility.

Metaplanet’s Extraordinary Shareholder Meeting on December 22

Source:  Metaplanet X

Metaplanet Inc. has confirmed that notices for its online extraordinary general meeting have been sent to shareholders. Investors are encouraged to exercise their voting rights in advance using a QR code or other electronic voting methods.

Key proposals on the agenda include amendments to the company’s articles of incorporation and a reorganization of capital reserves. These changes are designed to provide greater flexibility for future fundraising, particularly for acquisitions.

One of the main proposals involves issuing perpetual preferred shares to raise approximately $150 million. Management has emphasized that shareholder participation is critical, as the decisions made during this meeting are central to the company’s mid- and long-term strategy.

To increase engagement and ensure quorum, Metaplanet is offering lottery-based incentives for early voters and has encouraged shareholders to repost meeting details to boost visibility.

Bitcoin Treasury Strategy and Yield-Based Funding

Under the proposal, Metaplanet plans to introduce MERCURY Class B perpetual preferred shares with a fixed dividend yield of 4.9%. This structure allows the company to raise capital while avoiding immediate dilution for common shareholders.

The funding model follows global treasury strategies where yield-bearing instruments are used to acquire Bitcoin during uncertain market conditions. Metaplanet has already surpassed its 2025 crypto holding target and currently holds more than 30,823 BTC.

From a market perspective, this approach signals confidence in Bitcoin’s long-term value. Predictable dividend payments may also help balance capital costs and stabilize investor sentiment during volatile periods.

Preferred Shares, MARS, and Corporate Bitcoin Accumulation

Metaplanet has previously issued MARS Class A senior preferred shares, similar to Strategy’s STRC instrument, to accumulate BTC without diluting common equity. These structures attracted strong market attention following their announcement in November.

Past announcements related to the MARS and MERCURY equity instruments led to a 17.6% rise in Metaplanet’s stock price, highlighting investor interest in Bitcoin-focused corporate strategies across Asia.

This trend points to the growing institutional adoption of Bitcoin as a balance sheet asset, especially among companies seeking alternatives amid currency weakness and economic uncertainty in Japan.

Japan’s Macro Backdrop and Bitcoin Adoption

Japan’s prolonged low-yield environment and ongoing currency pressures have pushed many corporations to explore Bitcoin strategic reserve asset in Japan. The company stands out with one of the most aggressive accumulation plans globally, targeting 210,000 BTC by 2027.

If approved, the preferred share issuance could enable faster BTC accumulation during market downturns. However, execution challenges and broader crypto market volatility remain important factors influencing investor confidence.

Risk Considerations

While the proposal offers growth potential, several risks remain: 

• First, shareholder approval is not guaranteed, and a rejection would delay or limit Metaplanet’s funding plans. 

• Second, there is execution risk, as successfully deploying raised capital depends on timing, liquidity, and operational efficiency. 

• Finally, BTC price volatility could impact both the company’s balance sheet and market perception, even if the long-term strategy remains intact.

Conclusion

The December 22 shareholder vote will decide whether the company can proceed with issuing up to $150 million in preferred shares to fund further purchases. A successful vote would allow the company to move forward with its yield-based financing strategy and accelerate progress toward its 210,000 BTC target by 2027.

After the vote, investors should closely monitor how quickly capital is raised, how funds are deployed into BTC, and how the market responds to the updated capital structure. The outcome may also offer insights into broader corporate appetite in Asia.

Disclaimer

This article does not constitute investment, legal, or tax advice. Readers should conduct their own research and verify all information through official company disclosures before making any decisions. CoinGabbar is not responsible for any financial losses. Crypto assets are highly volatile, and you may lose your entire investment.