Metaplanet Tops 20,000 BTC Ahead of Capital Vote
Japanese Bitcoin treasury firm Metaplanet announced it has crossed the 20,000 BTC milestone after acquiring 1,009 Bitcoin, bringing its holdings to roughly $2 billion at current prices.
The move cements the company as the seventh-largest public corporate holder of Bitcoin and underscores its transformation from the former hotel operator Red Planet Japan into a dedicated Bitcoin treasury business.
A pivotal shareholder vote scheduled for today will decide a capital-raising plan that could accelerate further accumulation. The proposal seeks authorization to issue up to 550 million new shares overseas to raise more than 130 billion yen (about $884 million), with the company intending to deploy the bulk of proceeds to purchase additional Bitcoin and reinforce its corporate treasury strategy.
Metaplanet’s market profile has been rising alongside its Bitcoin strategy: the firm was upgraded into the FTSE Japan Index during the September review, moving from small-cap to mid-cap — a change the company frames as progress toward becoming Japan’s leading Bitcoin treasury player.
Despite the milestone, shares eased about 2.6% intraday in Japan, though the stock remains up nearly 146% year-to-date.
Today’s vote will be closely watched by the crypto and institutional communities: approval would give Metaplanet fresh capital to expand its BTC treasury, while rejection could slow the pace of accumulation amid a broader trend of corporate Bitcoin adoption.
- Milestone: 20,000 BTC total after a 1,009 BTC acquisition
- Holdings value: roughly $2 billion at current prices
- Capital plan: authorize up to 550 million new shares to raise >130 billion yen (~$884 million)
- Strategic shift: from Red Planet Japan hotel operator to Bitcoin treasury business
- Market moves: upgraded to FTSE Japan Index (small-cap → mid-cap); shares -2.6% intraday, +146% YTD
“Approval would give Metaplanet fresh capital to expand its BTC treasury; rejection could slow the pace of accumulation.”
