✅ Metaplanet has filed to raise ¥555B (~$3.6–3.7B) via perpetual preferred shares to fund Bitcoin accumulation.

🧾 Capital will support the goal of acquiring 210,000 BTC by end‑2027, up from 17,132 BTC currently held ($1.9B).

📅 A shareholder vote is scheduled for September 1, 2025, to approve expanded authorized share count and issuance plan.

🆕 The funding program features two classes of preferred shares: Class A (fixed ~6% dividends, non‑convertible) and Class B (convertible to common via put options).

📉 Stock initially dropped over 7% on announcement, as investor concerns around dilution surfaced.

💹 Metaplanet’s BTC Yield has surged ~430% YTD, and stock volume doubled to ¥1.86T in June.

🌏 If successful, Metaplanet would rank among the top corporate Bitcoin holders, though still behind MicroStrategy’s ~597k BTC.

MY POV:

Metaplanet is executing one of the boldest Bitcoin treasury strategies to date. If its preferred share issuance is approved and executed wisely, it may cement the company’s status as a major public Bitcoin holder—with potential market cap uplift.

⛔️However, investor sentiment will hinge on dilution control, execution discipline, and regulatory clarity. A high-reward trajectory—but only if structural and governance issues are well-handled.

#Bitcoin #Metaplanet #CryptoTreasury #CorporateBTCseason #BTC #DeFi #CryptoInstitutional #RiskManagement