Japan Microstrategy Metaplanet plans to increase Bitcoin holdings! Shareholders approve expanding stock issuance, and the stock price surged 26% this month.

Metaplanet Strategy Director Dylan LeClair recently posted on X platform stating that a special shareholder meeting of Metaplanet has unanimously approved five proposals related to equity. These proposals will help the company raise more funds to purchase additional Bitcoin.
(Background: “Japan MicroStrategy” Metaplanet stops holding Bitcoin, is this a strategic shift or a buildup for future action?)
(Additional context: Metaplanet’s stock price plummeted 80% with a “Bitcoin unrealized loss of 16%”, CEO responds: not abandoning BTC reserves, continues to accumulate long-term)

Known as the “Japan MicroStrategy,” Bitcoin reserve company Metaplanet’s Strategy Director Dylan LeClair recently posted on X platform that a special shareholder meeting of Metaplanet has unanimously approved five proposals related to equity. These proposals will help the company raise more funds to buy more Bitcoin without immediately diluting the rights of existing common shareholders, further strengthening its long-term strategy as a Bitcoin treasury.

5/5 Proposals Approved at the @Metaplanet Extraordinary Shareholder Meeting

1. Approve shift of capital stock and capital reserve to capital surplus to increase capacity for preferred share dividends & potential share buybacks. ✅

2. Increase the total number of authorized…

— Dylan LeClair (@DylanLeClair) December 22, 2025

Details of the five proposals

LeClair detailed the five proposals approved in the post. First, transferring capital reserve and capital surplus to retained earnings to enhance the ability to pay dividends on preferred shares and potential share repurchases. Second, increasing the authorized shares of Class A and Class B preferred stock from 277.5 million to 555 million each. The third proposal modifies Class A preferred shares to a monthly floating interest rate dividend structure, called “MARS” (Metaplanet Adjustable Rate Securities), aiming to provide price stability. The fourth modifies Class B preferred shares to a quarterly dividend structure, adding a 10-year 130% issuer redemption right, and granting investors a buyback right if no IPO occurs within a year. These designs make preferred shares more attractive, especially for institutional investors seeking stable income. The final proposal approves issuing Class B preferred shares to overseas institutional investors, allowing international fund managers easier trading of Metaplanet stock and expanding the company’s funding sources.

LeClair emphasized that this move will not only strengthen the capital structure but also attract more global investors to participate in Bitcoin accumulation plans.

Metaplanet Surges Significantly

As of now, according to official data, Metaplanet holds approximately 30,823 Bitcoins, achieving its annual target (originally 30,000) ahead of schedule in 2025, making it one of the publicly listed companies with the largest Bitcoin holdings worldwide. However, the company has paused additional Bitcoin purchases since the last large purchase at the end of September 2025.

In terms of stock performance, according to Google Finance data, Metaplanet’s stock (Tokyo Stock Exchange code 3350) rebounded sharply in December, with a monthly increase of up to 26%, and its market capitalization recovered to 528.8 billion yen.