๐ Metaplanet Stock Jumps After Shareholders Greenlight Bigger $BTC Bet
๐ Metaplanet shares surged over 4% to ยฅ451 after shareholders approved all proposals at todayโs Extraordinary General Meeting (EGM). The market reacted fast and volumes spiked
๐ง Whatโs driving the rally?
โข Shareholders backed Metaplanetโs plan to raise fresh capital to buy more Bitcoin
โข CEO Simon Gerovich confirmed unanimous approval of all agenda items
โข The company aims to aggressively expand its Bitcoin treasury next year
๐ฐ Key decisions approved:
โข Issuance of MARS Class A and MERCURY Class B preferred shares
โข Higher limit on authorized preferred shares to boost flexibility
โข Updated dividend structures for both share classes
โข Green light to issue Class B shares to overseas institutional investors
๐ Market snapshot:
โข Stock up 26% in the last month
โข Trading range today: ยฅ428 โ ยฅ458
โข Strong comeback after falling from a 52-week high of ยฅ1,930
๐ Global confidence is growing too. Even large institutional investors supported the proposals, signaling long-term belief in Metaplanetโs strategy.
๐ฅ With bold treasury moves and strong shareholder backing, Metaplanet is positioning itself as a major name to watch in the Bitcoin-focused corporate space.
What do you think smart long-term play or high-risk strategy? ๐
