Metaplanet, a Japanese firm known for its aggressive Bitcoin accumulation has made a major leap aimed at boosting its Bitcoin Treasury strategy. As per reports, the firm’s shareholders have given a green light for the plan to raise $3.8 billion for more Bitcoin purchases.
The recent development comes just hours after the firm announced a purchase of 1,009 BTC pushing its Bitcoin holdings to 20,000 BTC at the moment. Despite Bitcoin price struggles, Metaplanet’s strategy shows strong conviction in the future of the pioneer cryptocurrency.
Metaplanet to Raise $3.8B for More BTC Purchase
In a pivotal development, Metaplanet shareholders have voted in favor of the proposal to raise $3.8 billion specifically earmarked for more Bitcoin purchases. The approval came in an extraordinary general meeting (EGM) held in Tokyo today (September 1, 2025).
As confirmed on a post on X by Metaplanet president Simon Gerovich, the shareholders approved all the three proposals tabled during today’s meeting. These included the proposal to increase the total number of authorized shares for the purpose of BTC purchases, hold virtual shareholder meetings and the new provisions for perpetual preferred shares.
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
With the proposal now approved, Metaplanet will accelerate its Bitcoin accumulation strategy. The firm follows in the footsteps of Michael Saylor’s Strategy and the plan could place the firm in a position to even rival Strategy in terms of Bitcoin held in future.
Metaplanet’s 1009 BTC Purchase Pushes Holdings to 20,000 Coins
The latest approval of the $3.8 billion proposal for more Bitcoin purchases follows yet another announcement of Bitcoin purchase earlier today. President Gerovich announced the purchase of 1009 Bitcoin, worth $112.2 million at an average price of $111,162 per Bitcoin.
Following the recent purchase, the firm has pushed its holdings to 20,000 BTC. This places it as the sixth largest Bitcoin holder in the world after flipping Riot Platforms, as indicated by data provided by Bitcoin Treasuries.
Metaplanet now ranks below Strategy, MARA holdings, XXI, Bitcoin Standard Treasury Company and Bullish. However, with its aggressive Bitcoin accumulation, the firm could move up the rank. In fact, Bullish is now only 4,000 Bitcoin ahead of Metaplanet.
Its Bitcoin Treasury strategy is also paying off as confirmed by Gerovich. In a post on X, the president of Metaplanet confirmed that the firm has ‘achieved BTC Yield of 486.7% YTD 2025.’ Its total holdings now top $2.06 billion with each coin purchased at an average price of $113,138.
Bitcoin Price Forms a Bullish Megaphone Pattern
Amid the Metaplanet Bitcoin purchase announcement and shareholder approval for the $3.8 billion plan to raise more capital for BTC purchases, Bitcoin is forming a bullish pattern. Famous analyst Merlijn The Trader has identified that BTC’s price chart is forming a Megaphone.
The Megaphone is usually considered a bullish pattern and could spark a Bitcoin price rally despite the recent price downturn. Upon emergence of this pattern, Merlijn has predicted that Bitcoin could rally to $130,000 this cycle.
Coupled with Metaplanet’s Bitcoin accumulation strategy, the pattern on the daily chart could spark fresh optimism for Bitcoin. Meanwhile, Bitcoin is currently trading at $109,198 with a slight rebound on the day.
