Metaplanet gains shareholder approval to raise up to $3.8 billion to buy more bitcoin

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Japanese Bitcoin treasury Metaplanet (OTC:MTPLF [https://seekingalpha.com/symbol/MTPLF]) has secured shareholder approval to raise up to ¥555 billion ($3.8 billion) through preferred shares.

Shareholders of the hotel-operator-turned-Bitcoin-proxy voted in favor of authorizing [https://seekingalpha.com/news/4490815-metaplanet-acquires-1009-bitcoins-for-011b-issues-115m-new-shares]555 million preferred shares for potential issuance at a meeting in Tokyo on Monday, according to an announcement [https://x.com/gerovich/status/1962530924371018009] by Metaplanet’s president , Simon Gerovich on social media site X.

The vote comes after Metaplanet announced plans to raise around ¥130 billion by selling stock overseas in an underwritten offering last week.

The company’s shares have fallen 56% since peaking on June 16, after surging 445% earlier in 2025. Its market value is now roughly twice the size of its Bitcoin holdings, a sharp drop from the eightfold premium seen in June, _Bloomberg_ reported.

Eric Trump, son of the U.S. President and a strategic adviser to Metaplanet (OTC:MTPLF [https://seekingalpha.com/symbol/MTPLF]), attended Monday’s extraordinary general shareholder meeting in Tokyo and addressed participants.

MORE ON METAPLANET INC.

* Metaplanet: Japan's Bitcoin Miracle Is Only Getting Started [https://seekingalpha.com/article/4798512-metaplanet-japans-bitcoin-miracle-is-only-getting-started]
* Metaplanet acquires 1,009 bitcoins for ~$0.11B, issues 11.5M new shares [https://seekingalpha.com/news/4490815-metaplanet-acquires-1009-bitcoins-for-011b-issues-115m-new-shares]
* Financial information for Metaplanet Inc. [https://seekingalpha.com/symbol/MTPLF/income-statement]