The Japanese firm Metaplanet, currently holding nearly 19,000 Bitcoins, is preparing for a shareholder vote that could impact its ambitious plan to acquire Bitcoin worth $881 million.
Details of Metaplanet's Intentions
Metaplanet plans to raise ¥130.334 billion ($881 million) through an international share offering. The majority of these funds, ¥123.818 billion ($837 million), is allocated for Bitcoin purchases between September and October 2025. An additional ¥6.516 billion ($44 million) will support Bitcoin-related financial operations.
Reasons for Choosing Bitcoin Over Other Assets
The company believes that the global financial system is shifting, making Bitcoin a more attractive asset compared to government bonds and gold. Key reasons for selecting Bitcoin include scarcity, borderlessness, and decentralization. This is particularly relevant for Japan, where high levels of national debt, inflationary pressures, and a weak yen create favorable conditions for investing in Bitcoin.
Potential Market Implications for Bitcoin
If shareholders approve the Bitcoin purchase plan, it could stabilize the token's price around $110,000 and potentially drive it up to $115,000–$118,000. Conversely, analysts warn that if the plan fails, Bitcoin's price could drop close to $108,000. Therefore, the shareholder vote on September 1, 2025, will be a crucial moment for the future of this initiative.
The Metaplanet shareholder vote could either support a short-term price rally for Bitcoin or mark a missed opportunity for Japanese companies to engage more deeply in the cryptocurrency world.
