Metaplanet stock wavers near 440 JPY ahead of its crucial extraordinary general meeting (EGM) to determine its Bitcoin strategy for next year. CEO Simon Gerovich urges shareholders to exercise their voting rights on key proposals that could shape the company’s future.
Metaplanet Sends Notice to Shareholders About Extraordinary General Meeting
Metaplanet took to X on December 15 to reach out to its wider stockholders and the crypto community about a convocation notice sent regarding the December 22 online extraordinary general meeting (EGM).
The meeting will bring together shareholders to discuss and vote on key agenda items relevant to the company’s strategic and governance matters, including next year’s Bitcoin accumulation strategy.
The Bitcoin treasury quoted the meeting as “crucial” for the company’s future. It asked shareholders to exercise their voting rights in advance by this Friday.
“If you have not yet exercised your voting rights, please promptly do so in advance using the QR code,” the company added. The Bitcoin treasury company is also offering some special perks, including Planet Gear benefits and giveaways.
CEO Simon Gerovich Calls on Shareholders for Key Bitcoin Buy Decision
Metaplanet CEO calls on all shareholders to actively exercise their voting rights as the EGM includes important proposals.
He revealed key proposals, including the issuance of preferred shares in the future. It is extremely significant for the company’s mid and long-term strategy. Metaplanet has announced Class A preferred shares (MARS) and Class B preferred shares (MERCURY).
The company also plans a proposal to reduce capital stock and capital reserves. Notably, the company targets to expand its total Bitcoin holdings to 100,000 BTC by 2026-end, according to its Bitcoin accumulation strategy.
Current MTPLF Stock and Bitcoin Price Action
Japan-listed Metaplanet stock and the US-listed MTPLF rebounded nearly 15% in recent sessions after mNAV bounced back above 1. However, stock wavers amid market uncertainty around the EGM and Bitcoin price volatility.
At press time, Metaplanet stock price closed 1.36% lower at 436 JPY. The 24-hour low and high are 408 JPY and 439 JPY, respectively.
MTPLF stock closed 2.8% lower at $2.71 on Friday. It erased most gains due to potential uncertainty ahead of EGM.
Meanwhile, Bitcoin price action remains volatile and trades near $89K. The 24-hour low and high are $87,634 and $90,302, respectively. Trading volume dropped further by 30% over the past 24 hours.
Source: https://coingape.com/metaplanet-ceo-teases-crucial-bitcoin-buy-decision-at-upcoming-egm-stock-wavers/
