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 overall provide — by 2027.
This imaginative and prescient consists of 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 resort firm to a bitcoin treasury firm in early 2024.
Since then, he identified, Metaplanet has acquired roughly 0.1% of the overall provide of bitcoin, far surpassing its preliminary purpose of buying 10,000 bitcoin.
Throughout the occasion, Gerovich additionally introduced that Metaplanet had elevated its holdings to twenty,000 bitcoin, giving it the sixth largest bitcoin steadiness sheet on the planet.
He added that his purpose is for Metaplanet to have the second largest bitcoin steadiness, second solely to Technique. And he in contrast Metaplanet’s share of bitcoin per share over the previous yr to Technique’s, noting that it’s elevated its share to 2,274% as in comparison with Technique’s 86%.
Gerovich additionally identified that Metaplanet inventory trades over 100 hours per week through exchanges and brokerages worldwide, serving to to make the success of Metaplanet not only a Japanese story, however a worldwide one.
“Wherever you’re on the planet, Metaplanet is inside attain,” Gerovich advised the occasion’s 3,000+ attendees.
Metaplanet Prefs
“Historically, most popular fairness has been in a quiet nook of finance, however, backed by bitcoin, it’s one thing totally new,” stated Gerovich.
He defined how the popular fairness Metaplanet plans to supply won’t solely change into a significant fundraising mechanism to amass extra bitcoin, much like it has for Strategy, however that it’s going to additionally set up a bitcoin-backed yield curve — one with the potential to supply higher returns than these from fastened revenue merchandise in Japan.
What’s extra, Gerovich highlighted the truth that Metaplanet is in a singular scenario to create such a product in that it could possibly borrow at extraordinarily low charges, as Japan presently has the bottom rates of interest of all G7 nations.
“Low charges in Japan are our hidden superpower,” he stated.
He additionally shared that conventional fastened revenue markets are “beneath pressure” and that buyers are “trying to find alternate options.”
This, in response to Gerovich, is a chance to change into the biggest issuer of bitcoin-backed fastened revenue in Asia. He believes that the varieties of most popular fairness Metaplanet plans to supply will function an attractive various to conventional fastened revenue merchandise.
Metaplanet plans to supply two courses of most popular fairness.
Class A shall be designed to be a “safer and steadier” monetary product that provides a yield, very like conventional fastened revenue merchandise. The product will yield 5%. Class B shall be riskier however can even include the choice to be transformed into Metaplanet’s widespread inventory.
These new monetary merchandise will provide Metaplanet 4 distinct benefits, said Gerovich.
4 Benefits of Metaplanet’s Perpetual Fairness Merchandise
- Diversification of financing: So far, Metaplanet’s solely fundraising mechanism has been issuing shares of its widespread inventory. Prefs will provide the corporate a brand new technique to increase cash.
- Permanence: Issuing perpetual debt devices with a promise of a 5% return charge allows Metaplanet to acquire financing with out the fixed burden of refinancing danger.
- Low value 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 charge that the majority of its bitcoin treasury firm friends.
- Capability to cap most popular share issuance: Metaplanet will cap its most popular share issuance at 25% of its bitcoin NAV. Doing this may 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 principle 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 searching for 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 without doubt one of the most trustworthy folks I’ve ever met in my total life,” stated Trump. “You could have an awesome chief in Simon and an exquisite product in Bitcoin, and I believe that’s a successful mixture.
Nakamoto CEO David Bailey, who invested in Metaplanet quickly after it applied its bitcoin treasury technique, additionally praised Gerovich and the Metaplanet staff, noting that buyers throughout Japan are being pressured to take discover of the corporate.
“Metaplanet has change into too huge to disregard,” stated Bailey.
Bailey went on to say that he seems to be ahead to the day that Gerovich is invited to satisfy with the prime minister of Japan in addition to the emperor of the nation due to the work Gerovich has carried out in making Metaplanet a “systemically essential establishment for Japan.”