On September 1, 2025, Metaplanet hosted an EGM within the coronary heart of Tokyo.
On the occasion, the Metaplanet’s president, Simon Gerovich, highlighted the successes the corporate has had in its 16 months working as a bitcoin treasury firm and laid out the corporate’s plan for buying 210,000 bitcoin — 1% of the full provide — by 2027.
This imaginative and prescient contains issuing two variations of a brand new monetary product — Metaplanet Prefs, perpetual most popular inventory choices that resemble the type that Strategy rolled out in March 2025 — in efforts to amass stated bitcoin.
Metaplanet’s Milestones
Gerovich commenced the assembly by explaining how Metaplanet pivoted from working as a struggling lodge firm to a bitcoin treasury firm in early 2024.
Since then, he identified, Metaplanet has acquired roughly 0.1% of the full provide of bitcoin, far surpassing its preliminary purpose of buying 10,000 bitcoin.
Through the occasion, Gerovich additionally introduced that Metaplanet had elevated its holdings to twenty,000 bitcoin, giving it the sixth largest bitcoin steadiness sheet on this planet.
Gerovich famous that his purpose is for Metaplanet to have the second largest bitcoin steadiness, second solely to Technique.
He additionally in contrast Metaplanet’s proportion of bitcoin per share over the previous 12 months to Technique’s, noting that it’s elevated its proportion to 2,274% as in comparison with Technique’s 86%.
Gerovich additionally identified that Metaplanet inventory trades over 100 hours per week by way of exchanges and brokerages worldwide, serving to to make the success of Metaplanet not only a Japanese story, however a worldwide one.
“Wherever you might be on this planet, Metaplanet is inside attain,” stated Gerovich.
Metaplanet Prefs
“Historically, most popular fairness has been in a quiet nook of finance, however, backed by bitcoin, it’s one thing totally new,” Gerovich advised the occasion’s 3,000+ attendees.
He defined how the popular fairness Metaplanet plans to supply won’t solely turn out to be a significant fundraising mechanism to amass extra bitcoin, much like it has for Strategy, however that it’ll additionally set up a bitcoin-backed yield curve — one with the potential to provide better returns than these from mounted revenue merchandise in Japan.
What’s extra, Gerovich highlighted the truth that Metaplanet is in a singular state of affairs to create such a product in that it could borrow at extraordinarily low charges, as Japan at present has the bottom rates of interest of all G7 nations.
“Low charges in Japan are our hidden superpower,” stated Gerovich.
He additionally shared that conventional mounted revenue markets are “underneath pressure” and that buyers are “looking for alternate options.”
Gerovich stated that he sees this as a possibility to turn out to be the biggest issuer of bitcoin-backed mounted revenue in Asia and that he believes that the sorts of most popular fairness Metaplanet plans to supply will function an attractive different to conventional mounted revenue merchandise.
Metaplanet plans to supply two courses of most popular fairness.
Class A will likely be designed to be a “safer and steadier” monetary product that gives a yield, very similar to conventional mounted revenue merchandise. The product will yield 5%. Class B will likely be riskier however can even include the choice to be transformed into Metaplanet’s frequent inventory.
These new monetary merchandise will supply Metaplanet 4 distinct benefits, acknowledged Gerovich.
4 Benefits of Metaplanet’s Perpetual Fairness Merchandise
- Diversification of financing: To date, Metaplanet’s solely fundraising mechanism has been issuing shares of its frequent inventory. Prefs will supply the corporate a brand new approach to elevate cash.
- Permanence: Issuing perpetual debt devices with a promise of a 5% return fee allows Metaplanet to acquire financing with out the fixed burden of refinancing danger.
- Low price of financing: As talked about, rates of interest in Japan are the bottom amongst all G7 nations, enabling Metaplanet to boost cash at a less expensive fee that the majority of its bitcoin treasury firm friends.
- Potential to cap most popular share issuance: Metaplanet will cap its most popular share issuance at 25% of its bitcoin NAV. Doing this could assist to maintain Metaplanet afloat within the occasion of even a 75% drop within the worth of bitcoin.
After discussing these 4 benefits, Gerovich summarized his presentation with a revised mission assertion for Metaplanet: Pioneer a brand new concept of credit score in Japan; [issue] devices constructed upon over-collateralized, completely scarce digital capital.
Resounding Approval
After laying out the plan for Metaplanet Prefs, Gerovich requested the attendees in the event that they’d approve of the corporate’s in search of to amend the articles of incorporation.
He was met with a convincing spherical of applause.
And the members of the viewers weren’t the one ones enthusiastic about Gerovich’s imaginative and prescient and his confirmed means to execute on it.
Eric Trump, who serves as a strategic board advisor to Metaplanet and who partook in a fireplace chat with Gerovich throughout the afternoon’s programming, spoke extremely of Gerovich.
“Simon is among the most trustworthy individuals I’ve ever met in my total life,” stated Trump. “You may have an incredible chief in Simon and a beautiful product in Bitcoin, and I feel that’s a profitable mixture.
Nakamoto CEO David Bailey, who invested in Metaplanet quickly after it applied its bitcoin treasury technique, additionally praised Gerovich and the Metaplanet workforce, noting that buyers throughout Japan are being pressured to take discover of the corporate.
“Metaplanet has turn out to be too large to disregard,” stated Bailey.
Bailey went on to say that he appears ahead to the day that Gerovich is invited to fulfill with the prime minister of Japan in addition to the emperor of the nation because of the work Gerovich has performed in making Metaplanet a “systemically vital establishment for Japan.”
