Metaplanet Inc. has announced plans to amend its Articles of Incorporation and file a shelf registration for the potential issuance of Class A and Class B Perpetual Preferred Shares.
The move, approved by the company’s board, will be presented at an Extraordinary General Meeting (EGM) scheduled for September 1, 2025.
The proposed amendments are designed to strengthen Metaplanet’s ability to raise capital and accelerate its ambitious “Bitcoin Plan,” which targets the acquisition of 210,000 BTC between 2025 and 2027. While the filing allows for the issuance of perpetual preferred shares, the company emphasized that no decision to issue the shares has been made. Instead, the amendments aim to create a framework for flexible financing and greater transparency as discussions with regulators, stock exchanges, underwriters, and investors continue.
*Metaplanet Announces EGM Agenda: Proposes Authorization of Perpetual Preferred Stock—Class A (Senior, Non-Convertible) and Class B (Convertible); Files ¥555 Billion Shelf Registration for Potential Issuance* pic.twitter.com/3rYog0IpGY
— Metaplanet Inc. (@Metaplanet_JP) August 1, 2025
One of the key resolutions includes increasing the total number of authorized shares from 1.61 billion to 2.723 billion. According to Metaplanet, this expansion is critical to supporting large-scale capital raises and advancing its Bitcoin Treasury strategy. As of July 18, 2025, the company had already achieved a year-to-date BTC Yield of 430.2%, representing more than a fivefold increase in Bitcoin holdings per share on a fully diluted basis, contributing to a sharp rise in market capitalization.
The board will also propose amendments to enable virtual-only shareholder meetings and the establishment of provisions for perpetual preferred shares. Additionally, Metaplanet confirmed it is exploring the possibility of listing the preferred shares, pending consultations and regulatory approvals.
Metaplanet stated that any further updates on the issuance or listing of the preferred shares will be disclosed as required, underscoring that the proposed amendments are part of a broader strategy to build an agile financing structure in support of its Bitcoin-focused growth plan.
Metaplanet has also seen a surge in trading volume on the Tokyo Stock Exchange. According to data reported by Reuters, the company recorded ¥1.86 trillion ($12.87 billion) in trading volume during June, nearly double the ¥997.6 billion ($6.82 billion) recorded in May.
If you want to read more market analyses like this one, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
