Metaplanet is making a bold play to amplify its Bitcoin strategy with a proposed $3.7 billion funding round via perpetual preferred shares, subject to shareholder approval at an upcoming EGM. The move sparks speculations about the Japanese investment firm’s next Bitcoin purchase, following the latest acquisition of 780 BTCs.
Metaplanet To Raise $3.7B for Bitcoin Expansion
According to a recent X post, Metaplanet has called an Extraordinary General Meeting to seek approval for issuing new perpetual preferred stock. This proposal includes plans to raise a staggering ¥555 billion ($3.7 billion) to bolster its Bitcoin treasury. CEO Simon Gerovich took to X to announce the platform’s massive funding round.
Metaplanet files shelf registration for issuance of up to JPY 555 billion in perpetual preferred shares pic.twitter.com/6LWto6EbFz
— Simon Gerovich (@gerovich) August 1, 2025
Interestingly, this move is a key step towards Metaplanet’s ambitious goal of amassing 210,000 BTC by 2027, underscoring its commitment to Bitcoin accumulation. The proposal features two classes of perpetual preferred stock: Class A (non-convertible) and Class B (convertible).
Notably, this development comes on the heels of Metaplanet’s recent purchase of 780 Bitcoin, worth $92.5 million. With its latest purchase, the Japanese investment firm’s total BTC holdings have hit a staggering 17,132 BTC, valued at approximately $1.73 billion. As Metaplanet seeks new funding, the crypto community speculates about an imminent BTC purchase, fitting into the company’s broader Bitcoin accumulation plan.
Despite the move, the Metaplanet stock price has dipped by a notable 7.65%, currently at 1,063 yen. Over the past five days, the stock price has seen a decline of 10% and 33% over the past 30 days. However, the Metaplanet shares have seen a remarkable growth of 115% over the last six months.
How Perpetual Preferred Shares Will Drive Bitcoin Strategy
Metaplanet’s decision to use perpetual preferred shares for funding highlights its long-term approach. These shares offer fixed dividend payments and priority over common stock, with no maturity date, ensuring a permanent source of capital.
It significantly boosts Metaplanet’s position in the global public companies holding Bitcoin. As CoinGape reported, Metaplanet’s BTC holdings have surged past those of industry leaders like Tesla and Galaxy Digital.
Significantly, perpetual preferred shares offer several strategic benefits. Initially, this approach may be non-dilutive for common shareholders, as preferred shares typically don’t carry voting rights and are distinct from common equity, mitigating immediate dilution concerns. It also provides a stable source of long-term capital, enabling Metaplanet to fund its ongoing Bitcoin accumulation without relying on volatile operational cash flows.
Additionally, preferred shares can attract investors seeking fixed income or stable returns, tapping into a different pool of capital than traditional equity or debt, and potentially broadening Metaplanet’s investor base. It could further solidify the Japanese investment company’s commitment to its Bitcoin strategy.
Nynu V Jamal
Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape.
Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master’s degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet.
Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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