Bitcoin News Today: Metaplanet Proposes ¥5.55 Trillion Preferred Share Plan for Bitcoin Expansion

Metaplanet Inc. has unveiled a sweeping capital restructuring proposal that could provide up to ¥5.55 trillion ($35 billion) in preferred share issuance, designed to support its aggressive Bitcoin acquisition strategy. The company aims to acquire up to 210,000 BTC by 2027, a figure that, if achieved, would position it as one of the world’s largest institutional Bitcoin holders, second only to MicroStrategy [1].

The proposed shares include two types of perpetual preferred stock: non-convertible Class A and convertible Class B. The move is intended to create long-term flexibility for future capital raises and is part of a broader corporate strategy to shift toward a digital asset-first model. Metaplanet’s Bitcoin yield, defined as post-dilution per-share BTC growth rate, has surged 430.2% year-to-date as of July 18, 2025, reflecting a fivefold increase in Bitcoin per share since the beginning of the year [1].

However, the proposal remains contingent on multiple factors. A shareholder vote is scheduled for September 1, 2025, and regulatory approval is still pending. Importantly, Metaplanet has not yet initiated the formal consultation process with the Tokyo Stock Exchange to list these shares, meaning any public listing remains speculative [1]. The company has clarified that the filing represents a preparatory measure rather than a definitive issuance, indicating it is building legal infrastructure for potential future action.

The capital plan is tied directly to Metaplanet’s Bitcoin acquisition target, with each BTC currently valued at approximately ¥10 million (~$65,000), meaning the firm would need to invest more than ¥2.1 trillion ($13.5 billion) to achieve its goal. The proposed ¥5.55 trillion in preferred shares provides ample room for market volatility or alternative allocations [1].

The firm’s strategy reflects a broader trend among corporations seeking to hedge against inflation and fiat currency uncertainty by incorporating Bitcoin into their treasuries. In March, Metaplanet also increased its authorized common share issuance to 2.72 billion from 1.61 billion, signaling a continued focus on maintaining capital flexibility [1].

If executed, the plan would significantly increase institutional Bitcoin exposure in Asia, particularly Japan, a market traditionally wary of speculative assets. The firm’s reliance on perpetual shares, especially the convertible B-shares, underscores a long-term strategic belief in Bitcoin’s price potential and its role as a reserve asset. The move may also serve as a blueprint for other firms in compliance-heavy jurisdictions seeking to balance fiat volatility with digital asset reserves [1].

Investors are now closely watching the September 1 shareholder meeting and any future regulatory developments. While the proposal does not guarantee an immediate influx of capital into Bitcoin, it sets the stage for one of the most ambitious corporate crypto strategies in Asia.

Source: [1]Metaplanet Eyes Massive ¥5.55 Trillion Crypto Push but Will It Actually Happen? (https://www.cryptoninjas.net/news/metaplanet-eyes-massive-%c2%a55-55-trillion-crypto-push-but-will-it-actually-happen/)