{"id":496369,"date":"2025-09-01T20:59:18","date_gmt":"2025-09-01T19:59:18","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=496369"},"modified":"2025-10-18T14:00:29","modified_gmt":"2025-10-18T13:00:29","slug":"metaplanet-achieves-20000-btc-milestone-amid-shareholder-approved-2-8b-treasury-growth-plan","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/metaplanet-achieves-20000-btc-milestone-amid-shareholder-approved-2-8b-treasury-growth-plan\/","title":{"rendered":"Metaplanet achieves 20,000 BTC milestone amid shareholder-approved $2.8B treasury growth plan"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/companies\/metaplanet\/\">Metaplanet<\/a> acquired 1,009 Bitcoin (<a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">BTC<\/a>) for approximately $112 million, bringing the Japanese firm's total holdings to 20,000 BTC amid shareholder approval for an ambitious plan to add $2.8 billion worth of Bitcoin to its treasury through 2027.<\/p>\n<p>The Tokyo-listed company announced the purchase <a href=\"https:\/\/contents.xj-storage.jp\/xcontents\/33500\/6e67b123\/848e\/48c5\/9bab\/adb39f09acfc\/140120250829550238.pdf\">on Sept. 1<\/a>, paying an average price of 16.3 million yen ($110,720) per Bitcoin. The capital expansion strategy was voted on during Metaplanet's Extraordinary General Meeting.<\/p>\n<p>The acquisition pushes Metaplanet's Bitcoin treasury value to over $2.1 billion, cementing its position as Asia's largest corporate Bitcoin holder. In addition, it makes the company the <a href=\"https:\/\/bitcointreasuries.net\/\">sixth-largest BTC holder globally<\/a>, surpassing <a href=\"https:\/\/cryptoslate.com\/companies\/riot-platforms\/\">Riot Platforms<\/a>.<\/p>\n<h2>EGM approves multi-billion dollar strategy<\/h2>\n<p>During the shareholder meeting, CEO <a href=\"https:\/\/cryptoslate.com\/people\/simon-gerovich\/\">Simon Gerovich<\/a> outlined the company's plan to acquire 210,000 BTC by 2027, representing approximately 1% of Bitcoin's total supply.<\/p>\n<p>The strategy involves issuing up to 555 million preferred shares, which could raise \u00a5555 billion ($3.8 billion), specifically for Bitcoin purchases.<\/p>\n<p><a href=\"https:\/\/cryptoslate.com\/people\/eric-trump\/\">Eric Trump<\/a> attended the meeting as a strategic advisor to Metaplanet, participating in a fireside chat with Gerovich. Trump praised the CEO's leadership, stating that Gerovich represents &#8220;one of the most honest people I've ever met in my entire life&#8221; and calling the combination of strong leadership and Bitcoin &#8220;a winning combination.&#8221;<\/p>\n<p>Gerovich then asked the over 3,000 attendees whether they would approve amending the company's articles of incorporation to enable the issuance of preferred shares, to which they consented.<\/p>\n<h2>Two classes of shares<\/h2>\n<p>The approved preferred shares plan includes two classes of perpetual equity offerings. Class A shares will provide a 5% yield, designed to compete with traditional fixed-income products.<\/p>\n<p>Meanwhile, Class B shares carry a higher risk but include conversion options into common stock.<\/p>\n<p>Gerovich highlighted Japan's unique position for Bitcoin-backed financing, noting that the country's lowest interest rates among G7 nations represent &#8220;our hidden superpower.&#8221;<\/p>\n<p>The preferred shares are capped at 25% of the firm's Bitcoin net asset value.<\/p>\n<p>The acquisition comes as Metaplanet reported profits for the second quarter reaching 11.1 billion yen ($75.1 million), representing a 41% quarter-on-quarter increase.<\/p>\n<p>The company's Bitcoin income generation business, primarily through the sale of put options, contributed 1.9 billion yen ($12.9 million) in sales revenue during the quarter.<\/p>\n<p>Metaplanet was recently upgraded to mid-cap status in FTSE Russell's September review, earning inclusion in both the FTSE Japan Index and FTSE All-World Index.<\/p>\n<p>The plan to <a href=\"https:\/\/cryptoslate.com\/japan-based-metaplanet-aims-to-raise-880m-from-overseas-investors-for-bitcoin-buying-spree\/\">reach 210,000 BTC in its treasury<\/a> would place Metaplanet alongside <a href=\"https:\/\/cryptoslate.com\/companies\/microstrategy\/\">Strategy<\/a> on the list of companies holding at least 1% of Bitcoin's supply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metaplanet acquired 1,009 Bitcoin (BTC) for approximately $112 million, bringing the Japanese firm&#8217;s total holdings to 20,000 BTC amid shareholder approval for an ambitious plan to add $2.8 billion worth of Bitcoin to its treasury through 2027. The Tokyo-listed company announced the purchase on Sept. 1, paying an average price of 16.3 million yen ($110,720) [&hellip;]<\/p>\n","protected":false},"author":1511,"featured_media":489620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,1,107,80573,77968],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Metaplanet achieves 20,000 BTC milestone amid shareholder-approved $2.8B treasury growth plan<\/title>\n<meta name=\"description\" content=\"During the shareholder meeting, CEO Simon Gerovich outlined the company&#039;s plan to acquire 210,000 BTC by 2027.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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