Bitcoin News Today: Bitcoin's Institutional Ascendancy Gains New Momentum

Metaplanet Inc. has moved closer to securing the funding required to execute its ambitious Bitcoin accumulation strategy. Shareholders approved a revised capital structure that allows the company to issue dual-class preferred shares, potentially unlocking up to ¥555 billion ($3.7 billion) in capital to support its long-term Bitcoin acquisition goals. The authorization of these new share classes, including Class A shares with fixed dividends and Class B shares convertible to common stock, was passed at an extraordinary general meeting on Monday. This step is designed to attract a broader range of investors while maintaining control for existing shareholders and limiting dilution risks.

The company plans to use the raised capital to increase its Bitcoin holdings from the current 20,000 BTC to 210,000 BTC by the end of 2027. As of Tuesday, Metaplanet held $2.2 billion worth of Bitcoin, making it the sixth-largest corporate holder of the cryptocurrency globally. The company recently purchased 1,009 BTC for approximately $112 million, further solidifying its position in the digital asset market. The move is part of a broader trend of institutional investment in Bitcoin, driven by the token's growing acceptance as a store of value and inflation hedge.

Despite the shareholder approval, Metaplanet still faces the challenge of securing the full $3.7 billion in capital. The company announced an international share issuance on Aug. 1 and must now finalize the terms and file with Japanese regulators. However, recent stock performance has been mixed, with the company's shares falling 54% from their June high of $12.75 to $5.74 as of Tuesday. This decline raises questions about the ability to attract the necessary investment, especially as the company aims to raise funds amid heightened market volatility and regulatory scrutiny.

The shift to preferred shares represents a strategic pivot for Metaplanet, which has previously relied on warrants and other instruments to fund its Bitcoin purchases. Earlier this year, the company raised over ¥242 billion through a moving strike warrant agreement with investment firm Evo Fund. However, it has recently suspended warrant exercises to pursue new capital-raising tools. The preferred share model may provide more stability for investors, particularly those seeking income-focused returns, while also preserving equity for long-term holders.

The approval of the new capital structure has broader implications for the institutional Bitcoin market. As the company continues to expand its holdings, it adds to the growing list of corporations and investment vehicles treating Bitcoin as a strategic asset. Metaplanet’s efforts highlight the increasing institutionalization of the cryptocurrency market, with major players actively reshaping their balance sheets to include digital assets. The company’s actions also underscore the regulatory and market challenges facing firms attempting to scale Bitcoin accumulation strategies in a rapidly evolving financial landscape.

Source: [1] Metaplanet clears path for $3.7B Bitcoin accumulation (https://cointelegraph.com/news/metaplanet-shareholder-approval-bitcoin-funding-3-7b-raise) [2] Metaplanet Holders Approve New Funding Tools to Buy (https://www.bloomberg.com/news/articles/2025-09-02/metaplanet-holders-approve-fresh-funding-tools-to-buy-bitcoin-mf1zcapa)