35 Metaplanet a Tokyo-based company often called “Japan’s MicroStrategy,” has taken another big step in its Bitcoin plan. At a recent shareholder meeting, the company got approval to increase its total number of shares and create a dual-class stock system. This decision opens the door for Metaplanet to raise up to $3.7 billion, most of which it plans to use to buy more Bitcoin. This is not just a regular business update. It marks one of the largest Bitcoin investment strategies ever made by a company. It also shows how more traditional businesses are starting to see Bitcoin as part of their long-term financial planning. With Bitcoin now viewed as a way to protect against inflation and global uncertainty, Metaplanet’s move is drawing strong attention from both investors and analysts. source: Metaplanet Metaplanet’s Strategic Shareholder Approval At its recent special meeting, Metaplanet shareholders agreed to make big changes to the company’s rules. These changes allow the firm to increase the number of authorized shares to 2.7 billion and set up a new dual-class stock system. The new system introduces two types of shares: Class A shares will pay a fixed dividend, which is attractive to investors who prefer steady income. Class B shares are riskier but give investors the option to convert them into common stock later. This could bring higher rewards if Metaplanet’s Bitcoin plan works out. Metaplanet called this model a “defensive mechanism.” It is designed to protect existing shareholders from too much dilution while still giving the company room to raise large amounts of money. In fact, the structure could unlock as much as 555 billion yen ($3.7 billion), which the company plans to use for Bitcoin purchases. Aiming for 210,000 Bitcoin by 2027 Metaplanet has made its intentions very clear. It wants to become one of the largest corporate Bitcoin holders in the world. On August 1, the company announced a bold plan to raise $3.7 billion to buy as much as 210,000 Bitcoin by 2027. If Metaplanet manages to reach this target, it would stand shoulder to shoulder with MicroStrategy, the U.S. firm known for leading the corporate Bitcoin accumulation race. This week, Metaplanet’s board of directors gave the green light to the next step by issuing new shares through an international offering. The shareholder meeting was an important milestone, but the journey is far from over. The company must still set the exact terms of the share issue and complete formal filings with Japanese regulators before moving forward. The bigger challenge, however, will be convincing investors to support such an ambitious strategy. Raising the full $3.7 billion depends on how much confidence the market has in Metaplanet’s vision of using Bitcoin as a treasury reserve asset. If investors share the company’s belief that Bitcoin is a long-term store of value, the fundraising may succeed. If not, the goal of 210,000 BTC could prove harder to achieve. Related: Metaplanet Bitcoin holding reaches 20,000 BTC, issues 11.5M shares Market Context: A Challenging Backdrop Metaplanet’s latest announcement comes during a rough period for its stock. Data from Google Finance shows that its shares are trading around $5.74, which is more than 50% lower than the June peak of $12.75. Even with this drop, Metaplanet has not slowed down its Bitcoin buying. Just this week, the company purchased 1,009 BTC for about $112 million, bringing its total holdings to 20,000 BTC. At today’s market value, that stash is worth nearly $2.2 billion, making Metaplanet the sixth-largest corporate Bitcoin holder in the world. For some investors, this shows strong conviction and long-term confidence in Bitcoin. For others, it raises concerns that the company is taking on too much risk, especially given Bitcoin’s history of sharp price swings and Metaplanet’s reliance on new fundraising. Expert Insights: Why This Matters 1. Corporate Bitcoin Adoption Is Growing Metaplanet’s bold strategy reflects a bigger shift: companies are no longer just testing Bitcoin with small amounts. They are making it a core part of their financial plans. Similar to how MicroStrategy set an example in the U.S., Metaplanet could influence other Asian companies to follow the same path. 2. Japan’s Economic Situation Japan’s economy faces challenges like a weak yen and low interest rates. For Metaplanet, holding Bitcoin is a way to protect against these issues. Unlike cash reserves, which lose value during inflation, Bitcoin is scarce and has long-term upside potential. 3. Market Psychology and Signaling When a public company commits billions of dollars to Bitcoin, it changes how investors see the market. Moves like this send a signal that Bitcoin is no longer just a speculative asset. It is becoming part of the mainstream financial system. This can attract more institutions and increase Bitcoin’s liquidity and stability. 4. Risks of Overexposure On the flip side, betting too heavily on Bitcoin is risky. If a bear market drags prices down for a long time, Metaplanet’s financial position could weaken, and shareholders could lose confidence. The success of this strategy depends not only on Bitcoin’s price but also on how well the company manages investor trust through volatility. Predictions: What’s Next for Bitcoin and Investors sources : Google finance Bullish Outlook If Metaplanet successfully raises the planned $3.7 billion and invests it into Bitcoin, the market could see a significant price push upward. Since Bitcoin has a fixed supply of 21 million coins, every large corporate purchase makes the asset scarcer. Metaplanet could also inspire a new wave of corporate adoption in Asia, much like MicroStrategy did in the U.S. If this happens during a period of global inflation or a weakening yen, Bitcoin could enter another strong bull cycle. Bearish Outlook The risks are just as real. If Metaplanet struggles to attract enough investors for its new share offerings, or if Bitcoin falls into a long downturn, the strategy could backfire. Share dilution, falling stock prices, or regulatory challenges might slow down the plan. Investor Takeaway Metaplanet is making a bold bet on Bitcoin, and investors need to recognize it for what it is: high risk, high reward. If Bitcoin repeats its historical post-halving growth patterns, Metaplanet’s strategy could pay off in a big way. But caution is needed, because Bitcoin’s volatility and uncertain fundraising could create challenges ahead.
