Metaplenet shareholders vote in a capital collection plan of $ 884 million in the middle of fundraising

According to reports, Metaplenet Inc. shareholders approved a capital collection proposal of $ 884 million on Monday, such as the Japanese Bitcoin The Treasury Company fights a financing crunch triggered by its stocking shares of 54% since mid -June.

Three people who attended the extraordinary shareholders meeting in the Tokyo Shibuya district confirmed the capital collection plan, according to Reuters.

The proposal allows Metaplanet to sell up to 550 million new actions abroad along with the issuance of preferred shares.

The financing scrolmble threatens to derail the accumulation strategy of Bitcoins of the CEO Simon Gervich, which has faced challenges after the “steering wheel” financing mechanism dependent on the firm’s actions “decelerated”, according to Mark Chadwick, a former Jefferies analyst quoted by Bloomberg.

A “door to fragility”

With the Bitcoin trade about $ 109,000 and Metaplanet’s shares decrease, Ray Youssef, CEO of P2P Crypto App Noons, he said Decipher That divergence shows “at the time you mix it in corporate equity with elements such as leverage, arrest orders and financial tricks, you open a door to the fragility that Bitcoin itself does not have.”

While the preferred actions approach could allow Metaplenet to buy time, the market could still see it as a “desperate movement,” he added.

The decrease in Metaplenet actions has allegedly damaged its financing agreement with Evo Fund, which was based on the increase in shares prices to trigger order exercises that financed Bitcoin’s purchases.

This agreement, known as the “steering wheel”, has slowed down, reducing the capital available for Bitcoin’s purchases, according to Bloomberg. The company’s holdings grew less than 50% since June compared to a 160% increase in the previous two months.

Decipher It has communicated with Metaplenet to comment and will update this article if the company responds.

Despite its financing challenges, Metaplenet announced during the Monday meeting that had acquired 1,009 BTC for approximately $ 112.2 million, carrying its total holdings at 20,000 BTC and reaching a “BTC yield of 486.7% YTD 2025.”

The purchase makes Metaplenet the sixth public Bitcoin Treasury company in the world, exceeding riot platforms, according to Bitcoin’s treasures.

Eric Trump, who joined Metaplenet as a strategic advisor in March, attended the meeting with Gerovich, calling him “the one who led the front throughout Asia”, while comparing it with Michael Saylor of Strategy.

The company also presented its new mission during the meeting: “Piones a new credit theory in Japan; [create] Instruments based on excessively collateralized and absolutely scarce digital.

Metaplenet Bitcoin Objectives

Metaplenet’s goal is to have 210,000 BTC by 2027, but Youssef warned that the track is falling short.

“If they do not collect capital, they can forget their 100,000 BTC for the dream of 2026,” he said. “At that time, Metaplenet becomes another leverage play that promised and then broke the promise.”

But Metaplanet has increased its Bitcoin percentage per share by 2,274% during the past year, compared to the 86% increase in the strategy, according to grades of the meeting.

The company was recently updated to the state of medium capitalization in the September review of FTSE Russell, gaining inclusion in the main global indices.

Metaplenet Inc. (Tyo: 3350) closed at $ 5.65 (¥ 831) on Monday, less 5.46%, after quoting between $ 5.44– $ 5.92 (¥ 828– ¥ 900), according to Google Finance.