The post Metaplanet Shareholders Vote on $884M Capital Raising Plan Amid Fundraising Crunch appeared on BitcoinEthereumNews.com.

In brief Metaplanet shareholders reportedly approved an $884 million overseas share sale, according to Reuters. The Tokyo meeting authorized preferred stock issuance potentially worth $3.8 billion, with Eric Trump attending as strategic adviser. The firm’s stock-dependent “flywheel” financing mechanism has “slowed” after both Metaplanet’s stock and Bitcoin slumped in price. Metaplanet Inc. shareholders reportedly approved an $884 million capital raising proposal on Monday, as the Japanese Bitcoin treasury company battles a financing crunch triggered by its stock plummeting 54% since mid-June. Three people who attended the extraordinary shareholder meeting in Tokyo’s Shibuya district confirmed the capital-raising plan passed, according to Reuters. The proposal allows Metaplanet to sell up to 550 million new shares overseas alongside issuing preferred stock. The financing scramble threatens to derail CEO Simon Gerovich’s Bitcoin accumulation strategy, which has faced challenges after the firm’s stock-dependent “flywheel” financing mechanism “slowed,” according to Mark Chadwick, a former Jefferies analyst cited by Bloomberg.  A “door to fragility” With Bitcoin trading near $109,000 and Metaplanet’s stock declining, Ray Youssef, CEO of p2p crypto app NoOnes, told Decrypt that the divergence shows “the moment you mix it in corporate equity with elements like leverage, warrants, and financial tricks, you open up a door to fragility that Bitcoin itself doesn’t have.” While the preferred shares approach could enable Metaplanet to buy time, the market could still see it as a “desperate move,” he added. Metaplanet’s declining stock has allegedly damaged its financing arrangement with Evo Fund, which relied on rising share prices to trigger warrant exercises that funded Bitcoin purchases. This arrangement, known as the “flywheel,” has slowed down, reducing the capital available for Bitcoin purchases, according to Bloomberg. The firm’s holdings grew less than 50% since June compared to a 160% surge in the prior two months. Decrypt has reached out…

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Filed under: News - @ September 2, 2025 10:27 pm