Metaplanet Secures Shareholder Approval for Equity Proposals to Acquire 210,000 Bitcoin Worth $18.5 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Shareholder Approval: Metaplanet secured shareholder approval to raise capital through stock issuance for acquiring 210,000 Bitcoin valued at $18.5 million, thereby enhancing its digital asset reserves and strengthening its market competitiveness.
- Stock Issuance Plan: The board effectively doubled the number of Class A and Class B shares that can be issued, with Class A shares typically priced higher but offering voting rights, while Class B shares provide greater accessibility at lower prices, aimed at attracting more investors.
- Investor Attraction: The newly issued shares will feature floating-rate characteristics and quarterly dividends, designed to appeal to investors seeking regular returns, thereby enhancing the market attractiveness of the company's stock and improving liquidity.
- International Market Expansion: The board approved issuing Class B shares to overseas institutional investors, allowing international fund managers to trade Metaplanet stock, further expanding the company's capital base and enhancing its influence in the global market.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






