The post Metaplanet achieves 20,000 BTC milestone amid shareholder-approved $2.8B treasury growth plan appeared on BitcoinEthereumNews.com. Metaplanet acquired 1,009 Bitcoin (BTC) for approximately $112 million, bringing the Japanese firm’s total holdings to 20,000 BTC amid shareholder approval for an ambitious plan to add $2.8 billion worth of Bitcoin to its treasury through 2027. The Tokyo-listed company announced the purchase on Sept. 1, paying an average price of 16.3 million yen ($110,720) per Bitcoin. The capital expansion strategy was voted on during Metaplanet’s Extraordinary General Meeting. The acquisition pushes Metaplanet’s Bitcoin treasury value to over $2.1 billion, cementing its position as Asia’s largest corporate Bitcoin holder. In addition, it makes the company the sixth-largest BTC holder globally, surpassing Riot Platforms. EGM approves multi-billion dollar strategy During the shareholder meeting, CEO Simon Gerovich outlined the company’s plan to acquire 210,000 BTC by 2027, representing approximately 1% of Bitcoin’s total supply. The strategy involves issuing up to 555 million preferred shares, which could raise ¥555 billion ($3.8 billion), specifically for Bitcoin purchases. Eric Trump attended the meeting as a strategic advisor to Metaplanet, participating in a fireside chat with Gerovich. Trump praised the CEO’s leadership, stating that Gerovich represents “one of the most honest people I’ve ever met in my entire life” and calling the combination of strong leadership and Bitcoin “a winning combination.” Gerovich then asked the over 3,000 attendees whether they would approve amending the company’s articles of incorporation to enable the issuance of preferred shares, to which they consented. Two classes of shares The approved preferred shares plan includes two classes of perpetual equity offerings. Class A shares will provide a 5% yield, designed to compete with traditional fixed-income products. Meanwhile, Class B shares carry a higher risk but include conversion options into common stock. Gerovich highlighted Japan’s unique position for Bitcoin-backed financing, noting that the country’s lowest interest rates among G7 nations represent “our hidden… The post Metaplanet achieves 20,000 BTC milestone amid shareholder-approved $2.8B treasury growth plan appeared on BitcoinEthereumNews.com. Metaplanet acquired 1,009 Bitcoin (BTC) for approximately $112 million, bringing the Japanese firm’s total holdings to 20,000 BTC amid shareholder approval for an ambitious plan to add $2.8 billion worth of Bitcoin to its treasury through 2027. The Tokyo-listed company announced the purchase on Sept. 1, paying an average price of 16.3 million yen ($110,720) per Bitcoin. The capital expansion strategy was voted on during Metaplanet’s Extraordinary General Meeting. The acquisition pushes Metaplanet’s Bitcoin treasury value to over $2.1 billion, cementing its position as Asia’s largest corporate Bitcoin holder. In addition, it makes the company the sixth-largest BTC holder globally, surpassing Riot Platforms. EGM approves multi-billion dollar strategy During the shareholder meeting, CEO Simon Gerovich outlined the company’s plan to acquire 210,000 BTC by 2027, representing approximately 1% of Bitcoin’s total supply. The strategy involves issuing up to 555 million preferred shares, which could raise ¥555 billion ($3.8 billion), specifically for Bitcoin purchases. Eric Trump attended the meeting as a strategic advisor to Metaplanet, participating in a fireside chat with Gerovich. Trump praised the CEO’s leadership, stating that Gerovich represents “one of the most honest people I’ve ever met in my entire life” and calling the combination of strong leadership and Bitcoin “a winning combination.” Gerovich then asked the over 3,000 attendees whether they would approve amending the company’s articles of incorporation to enable the issuance of preferred shares, to which they consented. Two classes of shares The approved preferred shares plan includes two classes of perpetual equity offerings. Class A shares will provide a 5% yield, designed to compete with traditional fixed-income products. Meanwhile, Class B shares carry a higher risk but include conversion options into common stock. Gerovich highlighted Japan’s unique position for Bitcoin-backed financing, noting that the country’s lowest interest rates among G7 nations represent “our hidden…