Asia’s “MicroStrategy” Doubles Down: Metaplanet Bitcoin Strategy Approved
The bulls are winning in Tokyo. Metaplanet, the Japanese firm emulating MicroStrategy’s legendary Bitcoin treasury play, just saw its shareholders deliver a full-throated endorsement of its ambitious plan. At an Extraordinary General Meeting (EGM), investors approved all five key proposals, paving the way for the company to raise significant capital and turbocharge its Metaplanet Bitcoin strategy. The market reacted instantly, with shares bouncing over 4% as the firm sets its sights on a staggering 100,000 BTC goal.
Shareholders Greenlight the Path to 100,000 BTC
The EGM wasn’t just a formality; it was a strategic masterstroke. With the backing of giants like Norges Bank Investment Management (the world’s largest sovereign wealth fund), shareholders approved critical measures. These include shifting capital to increase capacity for dividends and share buybacks, and—most importantly—doubling the number of authorized preferred shares from 277.5 million to 555 million.
This move is a financial engineering powerhouse. It gives Metaplanet the dry powder to issue new shares and raise debt, converting that capital directly into Bitcoin on its balance sheet. The message is clear: the company’s primary operational strategy is now Bitcoin accumulation.
Why This Metaplanet Bitcoin Strategy Matters Globally
Metaplanet isn’t just copying a playbook; it’s validating a new corporate financial paradigm for the East. While Strategy leads in the West, Metaplanet is establishing itself as Asia’s foremost public company Bitcoin holder. Its success provides a template for other firms in the region, potentially unlocking a wave of institutional demand.
The stock’s 26% rally over the past month, culminating in today’s post-EGM pop, shows investors are rewarding this aggressive, focused strategy. It demonstrates that the market values transparent Bitcoin acquisition plans over traditional business metrics.
My Thoughts
This is institutional adoption in real-time, and it’s brilliant. Metaplanet is using public market tools to execute a pure Bitcoin strategy, creating a leveraged, tradeable proxy for BTC itself. For crypto investors, this is a cleaner play than an ETF—it’s a company whose entire value proposition is buying and holding Bitcoin. As they scale toward 100,000 BTC, their stock becomes a must-watch indicator of institutional conviction. This approval isn’t just corporate news; it’s a bullish signal for the entire asset class.
