Metaplanet’s President Lays Out Plan To Acquire 210,000 Bitcoin By 2027 At Shareholder Meeting
Metaplanet Makes Waves at EGM in Tokyo
In a groundbreaking event on September 1, 2025, Metaplanet held an Extraordinary General Meeting (EGM) in the bustling city of Tokyo. The company’s president, Simon Gerovich, took center stage to outline the company’s remarkable journey as a bitcoin treasury company over the past 16 months. He also unveiled an ambitious plan to acquire 210,000 bitcoin — equivalent to 1% of the total supply — by the year 2027.
Gerovich began by reminiscing about Metaplanet’s pivot from a struggling hotel company to a successful bitcoin treasury company in early 2024. Since then, the company has exceeded all expectations by acquiring approximately 0.1% of the total bitcoin supply, far surpassing its initial goal of acquiring 10,000 bitcoin. The latest update revealed that Metaplanet now boasts a staggering 20,000 bitcoin in its reserves, making it the sixth-largest holder of bitcoin globally.
With a bold vision in mind, Gerovich expressed his aspiration for Metaplanet to claim the second-largest bitcoin balance sheet in the world, second only to Strategy. He emphasized the impressive growth of Metaplanet’s percentage of bitcoin per share over the past year, soaring to 2,274% compared to Strategy’s 86%.
Gerovich highlighted the global reach of Metaplanet, with stock trading occurring over 100 hours per week through various exchanges and brokerages worldwide. This success has transformed Metaplanet’s story from a local Japanese narrative to a thriving global phenomenon.
The highlight of the event was Gerovich’s announcement of Metaplanet Prefs, a revolutionary financial product that mirrors the perpetual preferred stock offerings introduced by Strategy in March 2025. These innovative instruments will serve as a key component in Metaplanet’s strategy to acquire more bitcoin and establish a bitcoin-backed yield curve that promises superior returns compared to traditional fixed income products in Japan.
Gerovich pointed out Japan’s unique advantage of having the lowest interest rates among the G7 countries, enabling Metaplanet to borrow at exceptionally low rates. He underscored the growing interest among investors in alternative financial products, presenting an opportunity for Metaplanet to become a leading issuer of bitcoin-backed fixed income in Asia.
The introduction of two classes of preferred equity, Class A and Class B, will offer investors diverse options tailored to their risk appetite. Class A will provide a stable 5% yield resembling traditional fixed income products, while Class B offers the flexibility to convert into Metaplanet’s common stock.
Gerovich outlined four key advantages of Metaplanet’s perpetual equity products: diversification of financing, permanence, low cost of financing, and the ability to cap preferred share issuance to safeguard against market volatility.
Following the presentation, Gerovich sought approval from the attendees to amend the company’s articles of incorporation to pave the way for the implementation of Metaplanet Prefs. The enthusiastic response from the audience, coupled with endorsements from strategic board advisor Eric Trump and Nakamoto CEO David Bailey, underscored the widespread support for Metaplanet’s innovative vision and Gerovich’s exemplary leadership.
As Metaplanet continues to make waves in the financial landscape, the company’s strategic initiatives and groundbreaking products position it as a trailblazer in the realm of bitcoin treasury companies. With a clear mission to pioneer a new theory of credit in Japan, Metaplanet is set to redefine the financial landscape with its cutting-edge approach to over-collateralized, scarce digital capital.
The resounding success of the EGM in Tokyo solidified Metaplanet’s status as a formidable player in the global financial arena, setting the stage for a promising future marked by innovation, growth, and unwavering commitment to excellence.
