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Metaplanet has added 1,009 Bitcoin to its reserves, boosting its total stash to 20,000 BTC valued at more than $2 billion. The Japanese Bitcoin treasury firm announced the move Monday, highlighting its aggressive strategy to position itself as a global leader in corporate Bitcoin ownership.
The company is also set for a key shareholder vote today on a capital-raising plan. Bloomberg reported earlier that Eric Trump is expected to attend. The proposal seeks approval to issue up to 550 million new shares overseas, aiming to raise about 130 billion yen ($884 million). A large portion of the funds would go toward purchasing additional Bitcoin, further cementing Metaplanet’s role as Japan’s premier Bitcoin treasury firm.
Once a hotel operator known as Red Planet Japan, the company has successfully rebranded into the seventh-largest corporate holder of Bitcoin. Recently added to the FTSE Japan Index, Metaplanet’s stock has surged nearly 146% this year despite a 2.6% intraday dip, underscoring growing investor confidence in its crypto-focused future.
