Japanese Bitcoin-focused firm Metaplanet won shareholder approval to overhaul its capital structure, clearing a path to raise up to 555 billion yen ($3.7 billion). The move, finalized at an extraordinary general meeting, expands authorized shares to 2.7 billion and introduces a dual-class preferred stock system aimed at attracting diverse investors while protecting existing shareholder control.

Under the new structure, Class A shares promise fixed dividends for stability seekers, while Class B shares offer higher risk with conversion rights into common stock. Metaplanet described the system as a “defensive mechanism” that balances dilution risks with fundraising potential to back its bold Bitcoin acquisition strategy.

The company, already the sixth-largest corporate Bitcoin holder, recently added 1,009 BTC, pushing its total to 20,000 BTC worth about $2.2 billion. Despite a steep 54% stock drop since June, Metaplanet is pushing forward with its goal of amassing 210,000 BTC by 2027, betting big on Bitcoin’s future.