Metaplanet’s Vision for the Future: Acquiring 1% of Bitcoin Supply by 2027
Metaplanet, a bitcoin treasury company, hosted an Extraordinary General Meeting (EGM) on September 1, 2025, in Tokyo, where President Simon Gerovich shared the company’s achievements and outlined its ambitious plan to acquire 210,000 bitcoin by 2027, which equates to 1% of the total supply. This vision includes the introduction of a new financial product called Metaplanet Prefs, perpetual preferred stock offerings, to raise funds for acquiring bitcoin.
Gerovich began by highlighting Metaplanet’s successful transition from a struggling hotel company to a bitcoin treasury company in early 2024. The company has already surpassed its initial goal of acquiring 10,000 bitcoin and currently holds 20,000 bitcoin, making it the sixth-largest holder globally. Gerovich aims for Metaplanet to have the second-largest bitcoin balance sheet, trailing only Strategy. He emphasized Metaplanet’s global presence, with stock trading over 100 hours per week worldwide.
Metaplanet Prefs, the new financial product, aims to leverage bitcoin-backed preferred equity as a fundraising mechanism. Gerovich explained that these offerings would establish a bitcoin-backed yield curve, potentially yielding higher returns than traditional fixed income products in Japan. With Japan’s lowest interest rates among G7 countries, Gerovich sees an opportunity to become Asia’s largest issuer of bitcoin-backed fixed income.
The company plans to offer two classes of preferred equity: Class A for stable yield and Class B for riskier, convertible options. Gerovich outlined four advantages of Metaplanet Prefs, including diversifying financing, ensuring permanence, benefiting from low financing costs, and capping preferred share issuance to mitigate risks.
After presenting the plan, Gerovich sought approval from attendees to amend the company’s articles of incorporation, receiving resounding applause. Strategic board advisor Eric Trump praised Gerovich’s leadership and the potential of Metaplanet Prefs. Nakamoto CEO David Bailey, an early investor in Metaplanet, recognized the company’s growing influence in Japan, predicting a future where Gerovich meets with the prime minister and emperor.
Metaplanet’s revised mission statement focuses on pioneering a new credit theory in Japan, issuing instruments backed by scarce digital capital. The company’s innovative approach and strategic vision have garnered widespread approval and positioned Metaplanet as a key player in the evolving landscape of bitcoin treasury companies.
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