Metaplanet is raising ¥52 billion through zero-coupon convertible bonds to reduce its Bitcoin-backed debt and fund a share repurchase program.
Japanese firm Metaplanet has increased its bitcoin holdings to 44,000 BTC, becoming the world's second-largest corporate holder after executing a series of liquidity-focused transactions.
Metaplanet has unveiled a new capital allocation strategy to fund Bitcoin purchases using income from strategic investments and interest-generating assets.
Metaplanet sold 10 000 BTC and repurchased 11 000 BTC to demonstrate its liquidity to credit rating agencies.
Metaplanet has increased its bitcoin holdings to 44,000 BTC as part of a strategy to test asset liquidity and reach a target of 210,000 BTC by 2027.
Metaplanet has reached 44,000 BTC in treasury holdings after a series of third-quarter transactions aimed at demonstrating liquidity and improving creditworthiness.
Metaplanet has adjusted its investment strategy, allowing 15% of its assets to be diverted from Bitcoin to fund acquisitions, income-generating securities, and new business ventures.
VanEck has criticized Metaplanet's executive compensation, labeling it 'Bad' due to excessive shareholder dilution despite recent efforts to reduce the company's share pool.
VanEck has rated Metaplanet's executive compensation as 'Bad' after the company failed all four of the firm's treasury management tests.
Metaplanet has cut its executive compensation plan by 41% and frozen its stock option pool following shareholder protests over share dilution.
Strive, Inc. has overtaken Metaplanet in market valuation despite holding significantly fewer Bitcoin, leveraging preferred stock to fund aggressive acquisitions.
Metaplanet shareholders are protesting stock dilution caused by an executive option pool that expanded to 319.5 million shares to fund Bitcoin accumulation.
Metaplanet has capped its insider share pool at 319.5 million units after acknowledging that its previous issuance mechanism significantly diluted existing shareholders.
Metaplanet shares dropped 7.5% after CEO Simon Gerovich addressed shareholder concerns regarding governance and executive stock dilution.
