Metaplanet Plans Bitcoin Acquisition at Upcoming Shareholder Meeting

TLDR

• Metaplanet aims to acquire 210,000 BTC by 2027.
• Shareholder vote on Bitcoin purchases scheduled for December 22, 2025.
• Company reported profits of 11.1 billion yen in Q2 2025.

Metaplanet CEO, Simon Gerovich, has hinted at a critical decision regarding Bitcoin acquisitions ahead of the company’s Extraordinary General Meeting (EGM). The EGM is set to take place on December 22, 2025, where key decisions, including Bitcoin purchases, will be put to a shareholder vote.

The announcement follows Gerovich’s previous outline of an ambitious plan to expand Metaplanet’s Bitcoin treasury. During a shareholder meeting, Gerovich revealed intentions to acquire 210,000 BTC by 2027. This would be achieved by issuing up to 555 million preferred shares, aiming to raise ¥555 billion ($3.8 billion). The shares would be capped at 25% of the firm’s Bitcoin net asset value.

Shareholder Approval and Financial Plans Unveiled

The funding for this acquisition strategy is contingent upon shareholder approval at the EGM. The plan involves raising ¥555 billion ($3.8 billion) through preferred share issuance dedicated specifically to Bitcoin acquisitions. As of Q2 2025, Metaplanet reported profits of 11.1 billion yen ($75.1 million), benefiting from sales of Bitcoin put options amounting to 1.9 billion yen.

Metaplanet has previously halted Bitcoin purchases after accumulating 30,823 BTC by late September 2025. The company has since shifted its focus to risk management, yield strategies on existing holdings, and debt simplification. This move comes amid volatility in Metaplanet’s share price.

Historical Context of Metaplanet’s Bitcoin Strategy

An earlier EGM had already positioned Metaplanet as a major player in the Bitcoin holdings arena, with shareholders approving a $2.8 billion treasury growth plan. This enabled the company to reach a milestone of 20,000 BTC, making it Asia’s largest and the world’s sixth-largest corporate Bitcoin holder, surpassing Riot Platforms.

Metaplanet’s value soared to $2.1 billion due to these holdings, although it also contributed to subsequent share price volatility, prompting a pivot towards risk-control measures. The company’s operations focus exclusively on Bitcoin (BTC), with no involvement in other cryptocurrencies, DeFi protocols, or altcoins.

Strategic Advisory Insights and Executive Comments

Eric Trump, serving as Strategic Advisor to Metaplanet, highlighted CEO Simon Gerovich’s leadership during a prior shareholder meeting. Trump remarked, “Gerovich represents one of the most honest people I’ve ever met in my entire life,” linking strong leadership with the strategic focus on Bitcoin.

No direct public statements from Gerovich were available on social media or company platforms. The EGM announcement remains focused on significant company decisions, particularly the potential Bitcoin purchase strategy.

Metaplanet’s Continued Strategic Focus

The upcoming EGM will be a critical point of decision for Metaplanet’s future Bitcoin-related strategies. The company’s “MARS Strategy” aimed for 30,000 BTC by the end of 2025, a target that was achieved and exceeded, demonstrating the resilience and aggressive strategic focus of Metaplanet in the cryptocurrency market.

While no major regulatory or institutional updates have been noted from organizations such as the SEC or CFTC, Metaplanet’s financial maneuvers suggest a calculated approach towards maximizing its Bitcoin holdings. The company continues to position itself strongly in the competitive landscape of corporate treasury holdings, dedicated to Bitcoin as its core asset.