Metaplanet shareholders have approved a sweeping $884 million capital plan to fund further Bitcoin accumulation. The move reinforces the Japanese firm’s transformation from a hotel operator into one of the world’s largest corporate Bitcoin holders.
Capital Plan Approval and Bitcoin Strategy
At an extraordinary general meeting in Tokyo’s Shibuya district, shareholders voted in favor of issuing up to 550 million new shares overseas. The offering, valued at about 130.3 billion yen, will allow Metaplanet to channel most of the proceeds into Bitcoin. CEO Simon Gerovich confirmed the approval and said the plan ensures the company can expand its already substantial holdings of over 20,000 BTC, worth more than $2 billion.
Metaplanet shareholders have approved all 3 resolutions at today’s EGM:
✅ Increase in Total Number of Authorized Shares
✅ Virtual Shareholder Meetings
✅ New Provisions for Perpetual Preferred Shares pic.twitter.com/O7UY2lW5P0— Simon Gerovich (@gerovich) September 1, 2025
The capital raise reflects Metaplanet’s dedication to a treasury model akin to MicroStrategy, headed by Michael Saylor. This is a long-term bet on the value of Bitcoin, and overall, it has been a very masterful strategy as Bitcoin has emerged as the dominant reserve asset. While the stock price of the company has decreased by more than half since June, the stock approval shows investors are still confident in the Bitcoin-first approach.
In addition to the capital raise, shareholders passed three governance resolutions. The first expanded the number of authorized shares, giving the firm flexibility for future fundraising or acquisitions. The second provides for virtual shareholder meetings in order to improve participation. The third was perpetual preferred shares, which were a type of preferred stock that paid dividends that never expired. Taken together, these actions provide Metaplanet with a more effective mechanism to fund operations and promote its Bitcoin-oriented mandate.
Eric Trump’s Presence Adds Spotlight
The meeting drew global attention thanks to Eric Trump, adviser to Metaplanet and son of U.S. President Donald Trump. He appeared alongside Gerovich in company jerseys and praised the leadership steering Asia’s Bitcoin adoption, according to Reuters. His attendance underscored the growing ties between the Trump family and the digital asset sector.
Trump’s presence came days after he spoke at the Bitcoin Asia conference in Hong Kong, where he projected Bitcoin could reach $1 million. Furthermore, he pointed out the trend towards the sovereign adoption process, with the UAE being one of the leading countries in the world in terms of holding the asset. His comments were consistent with Metaplanet’s account of Bitcoin as being a store of value for both institutions and governments.
BREAKING: THE UNITED ARAB EMIRATES IS NOW ON ARKHAM
The UAE’s $700M BTC holdings are now labeled on Arkham. These holdings come from Bitcoin mining operations carried out by Citadel, a public mining company majority owned by UAE Royal Group through IHC.
Arkham is the first to… pic.twitter.com/eIGut5pJXN
— Arkham (@arkham) August 25, 2025
The $884 million raise is Metaplanet’s second big funding round of the year, after an $881 million stock issuance. With the support of its shareholders and the hype around the company, it’s well-positioned to help fuel Bitcoin accumulation activities on a large scale. For investors, the decision is an expression of both confidence in the asset case and the belief that management can drive an aggressive treasury strategy.
[…] 17. The company is expected to address shareholder questions afterward. Despite the pressure, Metaplanet has outlined bold expansion plans. It aims to raise $1.4 million to increase Bitcoin reserves and targets […]