Metaplanet Secures Funding to Expand Bitcoin Holdings, Shares Surge

Metaplanet has secured shareholder approval for a $3.7 billion funding plan to increase its Bitcoin holdings, signaling the company’s ambition to become a leading player in the cryptocurrency market. This move comes after Metaplanet held an extraordinary general meeting where shareholders voted to authorize the issuance of up to 2.7 billion new shares and introduce a dual-class preferred stock system. This strategic decision aims to facilitate further fundraising while safeguarding the interests of existing investors.