The post Bitcoin-First Metaplanet Approves Key Restructuring, Stock Jumps 2.5% appeared first on Coinpedia Fintech News Metaplanet is going all-in on Bitcoin. After strong backing from shareholders, the Tokyo firm is reshaping its structure, raising billions, and stacking more BTC than ever.  The firm has announced the results of its Extra Ordinary General Meeting held on September 1. Read on for the details.  Shareholders Approve Key Amendments Metaplanet’s shareholders voted in …The post Bitcoin-First Metaplanet Approves Key Restructuring, Stock Jumps 2.5% appeared first on Coinpedia Fintech News Metaplanet is going all-in on Bitcoin. After strong backing from shareholders, the Tokyo firm is reshaping its structure, raising billions, and stacking more BTC than ever.  The firm has announced the results of its Extra Ordinary General Meeting held on September 1. Read on for the details.  Shareholders Approve Key Amendments Metaplanet’s shareholders voted in …

Bitcoin-First Metaplanet Approves Key Restructuring, Stock Jumps 2.5%

Metaplanet Added to FTSE Japan Index After Strong Q2

The post Bitcoin-First Metaplanet Approves Key Restructuring, Stock Jumps 2.5% appeared first on Coinpedia Fintech News

Metaplanet is going all-in on Bitcoin. After strong backing from shareholders, the Tokyo firm is reshaping its structure, raising billions, and stacking more BTC than ever. 

The firm has announced the results of its Extra Ordinary General Meeting held on September 1. Read on for the details. 

Shareholders Approve Key Amendments

Metaplanet’s shareholders voted in favor of key changes designed to support the company’s ambitious growth plans.

One major amendment increases the company’s maximum number of authorized shares to over 2.7 billion, giving Metaplanet the flexibility to raise funds for future expansion.

A new rule was also added that allows Metaplanet to hold fully virtual shareholder meetings without a fixed location. The third resolution set up new rules for authorized class shares, officially introducing Class A and Class B stock.

Following the announcement, Metaplanet Inc’s stock jumped over 2.5% to 853 yen on Tuesday, reflecting investor confidence in the changes. 

Major Fundraising Plans for Bitcoin Strategy

The developments continue. 

On August 1, Metaplanet revealed plans to raise 555 billion yen ($3.7 billion), to support its plan of buying 210,000 BTC by 2027. It added that offering Bitcoin-backed preferred shares is a “pioneering” way to meet funding needs.

Metaplanet’s Growing Bitcoin Treasury

Metaplanet recently bought more Bitcoin, bringing its total stash to 20,000 BTC, worth about $2.05 billion.

It is now the sixth-largest public treasury holder worldwide, outperforming Riot Platforms as per BitcoinTreasuries.net. MicroStrategy leads the pack with 632,457 BTC, far ahead of MARA Holdings in second place with 50,639 BTC.

Metaplanet’s stock has skyrocketed over 700% in the past year. Earlier this year, the company brought on Eric Trump as an adviser, praising him as a strong advocate for digital assets.

Global Expansion Moves

In addition to its domestic fundraising, Metaplanet announced plans to raise 130 billion yen ($880 million) through an international share sale and use almost all of it to buy Bitcoin within the next two months. 

The company is truly Bitcoin-first. Will the strategy continue paying off? That’s something time will tell.

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