Shareholders support Bitcoin strategy, Metaplanet's stock price rises over 4% after special shareholder meeting.

On the day of the Extraordinary General Meeting (EGM), the stock price of Bitcoin reserve concept company Metaplanet performed strongly, rising more than 4% during the session. This increase was driven by the approval of all five key proposals by shareholders, which the market generally interpreted as a clear endorsement of Metaplanet's long-term Bitcoin accumulation strategy.

Metaplanet today officially concluded its special shareholders' meeting, and the results are regarded as a significant turning point for the company's future development. CEO Simon Gerovich confirmed after the meeting that all proposals submitted by the management were successfully passed, including key components related to capital structure adjustments, preferred stock arrangements, and future Bitcoin accumulation plans. The company's long-term goal is to gradually establish a holding scale of up to 100,000 Bitcoins, which has led the market to view it as the “Asian version of MicroStrategy.”

Supported by positive news, Metaplanet's stock price once reached 458 yen during the day, dipped to a low of 428 yen, and closed with an increase of about 4.16%, at 451 yen, with a significant increase in trading volume. According to public data, the stock has accumulated a rise of over 26% in the past month. Previously, Metaplanet's stock price had significantly fallen from the 52-week high of 1930 yen in June, and this rebound is considered a phase of confidence restoration.

In the overseas market, Metaplanet related stocks have also attracted attention. The OTC code MTPLF rose 7.75% on Friday, closing at $2.78. Meanwhile, the newly launched American Depositary Receipt MPJPY has been quite volatile, falling from an issuance price of $4 to $2.85, indicating that overseas investors are still in the process of repricing the company's valuation.

At the shareholders' meeting, multiple proposals closely related to capital operations were approved. These include converting part of the share capital and capital reserves into capital surplus to enhance the dividend capacity of preferred shares and potential stock buyback space; at the same time, the authorized upper limit of preferred shares was increased from 277.5 million shares to 555 million shares, reserving space for subsequent financing and Bitcoin purchases.

In addition, the MARS Class A preferred shares are adjusted to pay dividends at a monthly floating interest rate, while the MERCURY Class B preferred shares are changed to quarterly dividends with subscription rights arrangements. Shareholders also approved the issuance of Class B preferred shares to overseas institutional investors, further broadening international capital channels.

It is worth noting that one of the world's largest sovereign wealth funds, the Norwegian Bank Investment Management, voted in favor of all proposals. This move is seen by the market as a strong recognition of Metaplanet's Bitcoin strategy and corporate governance structure.

Overall, as the dust settles from the shareholders' meeting, Metaplanet's strategic path in the “Bitcoin corporate holdings” sector becomes increasingly clear. Driven by the long-term narrative of Bitcoin and the trend toward institutionalization, its stock performance and subsequent capital movements will continue to be the focus of attention from both the crypto and traditional capital markets.