Metaplanet has announced plans to raise $3.7 billion through perpetual preferred shares to expand its Bitcoin holdings, targeting 210,000 BTC by 2027, pending shareholder approval in 2025.
The move could significantly impact Bitcoin demand and market dynamics, reflecting contrasting investor reactions focusing on short-term caution versus long-term benefits.
Metaplanet has announced plans to raise an additional $3.7 billion through the issuance of perpetual preferred shares. This move aims to significantly expand the companyโs Bitcoin holdings. The initiative aligns with Metaplanetโs strategy to transition to a leading Bitcoin-focused asset manager.
CEO Simon Gerovich confirmed the $3.7 billion proposal via public statement and on X (formerly Twitter). Gerovich is known for aggressive Bitcoin accumulation strategies. Metaplanet has scheduled an Extraordinary General Meeting on September 1, 2025, for shareholder approval of these actions.
Stock Down 7% After Fundraise Announcement
Metaplanetโs stock saw a decline of over 7% following the announcement. Investors show hesitation about the immediate effects; however, some express optimism about the long-term strategy. The plan further solidifies the companyโs commitment to Bitcoin-focused treasury management.
Potential outcomes include tightened regulatory evaluations and shifts in Bitcoinโs market dynamics. Historical precedent involves similar actions by firms like MicroStrategy, indicating fluctuating stock impacts. Institutional demand is likely considering the $515 million raised in initial share offerings.
Preferred Shares: A Novel Move in Bitcoin Financing
Similar past strategies, such as MicroStrategyโs bond raises for Bitcoin, have led to considerable market ripples. Metaplanetโs approach using perpetual preferred shares offers a novel precedent in the Asian markets, indicating potential new trends in corporate financing.
Experts suggest that this strategy may influence broader market adoption of Bitcoin-focused financing models. Long-term market dynamics may shift, potentially resulting in increased demand for Bitcoin. The emphasis on Bitcoin as a singular focus avoids diversifying into altcoins.
โThe issuance of perpetual preferred shares will allow us to accelerate our Bitcoin acquisition strategy while enhancing liquidity and shareholder value.โ โ Simon Gerovich, CEO, Metaplanet
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