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 entire 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 accumulate mentioned 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 entire provide of bitcoin, far surpassing its preliminary aim 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 stability sheet on this planet.
He added that his aim is for Metaplanet to have the second largest bitcoin stability, second solely to Technique. And he 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 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 this planet, Metaplanet is inside attain,” Gerovich informed 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 fully new,” mentioned Gerovich.
He defined how the popular fairness Metaplanet plans to supply won’t solely grow to be a serious fundraising mechanism to accumulate 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 provide larger returns than these from fastened earnings 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 possibly 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,” he mentioned.
He additionally shared that conventional fastened earnings markets are “underneath pressure” and that buyers are “looking for alternate options.”
This, in keeping with Gerovich, is a chance to grow to be the most important issuer of bitcoin-backed fastened earnings in Asia. He believes that the forms of most popular fairness Metaplanet plans to supply will function an attractive different to conventional fastened earnings 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 provides a yield, very similar to conventional fastened earnings merchandise. The product will yield 5%. Class B will likely be riskier however may even include the choice to be transformed into Metaplanet’s widespread inventory.
These new monetary merchandise will supply Metaplanet 4 distinct benefits, said Gerovich.
4 Benefits of Metaplanet’s Perpetual Fairness Merchandise
- Diversification of financing: Up to now, Metaplanet’s solely fundraising mechanism has been issuing shares of its widespread inventory. Prefs will supply the corporate a brand new method to elevate cash.
- Permanence: Issuing perpetual debt devices with a promise of a 5% return price permits Metaplanet to acquire financing with out the fixed burden of refinancing threat.
- Low price of financing: As talked about, rates of interest in Japan are the bottom amongst all G7 nations, enabling Metaplanet to lift cash at a less expensive price 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 value of bitcoin.
After discussing these 4 benefits, Gerovich summarized his presentation with a revised mission assertion for Metaplanet: Pioneer a brand new idea 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 looking 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 capacity to execute on it.
Eric Trump, who serves as a strategic board advisor to Metaplanet and who partook in a hearth 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 whole life,” mentioned Trump. “You have got an important 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 carried out its bitcoin treasury technique, additionally praised Gerovich and the Metaplanet crew, noting that buyers throughout Japan are being compelled to take discover of the corporate.
“Metaplanet has grow to be too massive to disregard,” mentioned 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 due to the work Gerovich has achieved in making Metaplanet a “systemically necessary establishment for Japan.”
