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 consists of issuing two variations of a brand new monetary product — Metaplanet Prefs, perpetual most well-liked inventory choices that resemble the sort that Technique rolled out in March 2025 — in efforts to accumulate 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 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 stability sheet on the earth.
He added that his purpose 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 yr 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 might be on the earth, Metaplanet is inside attain,” Gerovich instructed the occasion’s 3,000+ attendees.
Metaplanet Prefs
“Historically, most well-liked fairness has been in a quiet nook of finance, however, backed by bitcoin, it’s one thing completely new,” stated Gerovich.
He defined how the popular fairness Metaplanet plans to supply is not going to solely develop into a serious fundraising mechanism to accumulate extra bitcoin, very similar to it has for Technique, however that it’ll additionally set up a bitcoin-backed yield curve — one with the potential to supply higher returns than these from mounted 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 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 stated.
He additionally shared that conventional mounted revenue markets are “underneath pressure” and that buyers are “looking for alternate options.”
This, based on Gerovich, is a chance to develop into the most important issuer of bitcoin-backed mounted revenue in Asia. He believes that the varieties of most well-liked fairness Metaplanet plans to supply will function an attractive various to conventional mounted revenue merchandise.
Metaplanet plans to supply two courses of most well-liked fairness.
Class A can be designed to be a “safer and steadier” monetary product that provides a yield, very similar to conventional mounted revenue merchandise. The product will yield 5%. Class B can be riskier however can 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: So far, Metaplanet’s solely fundraising mechanism has been issuing shares of its widespread inventory. Prefs will supply the corporate a brand new method to increase cash. Permanence: Issuing perpetual debt devices with a promise of a 5% return fee permits Metaplanet to acquire financing with out the fixed burden of refinancing threat. Low value 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 fee that the majority of its bitcoin treasury firm friends. Skill to cap most well-liked share issuance: Metaplanet will cap its most well-liked 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 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 in search of to amend the articles of incorporation.
He was met with a powerful spherical of applause.
And the members of the viewers weren’t the one ones enthusiastic about Gerovich’s imaginative and prescient and his confirmed potential to execute on it.
Eric Trump, who serves as a strategic board advisor to Metaplanet and who partook in a hearth chat with Gerovich in the course of the afternoon’s programming, spoke extremely of Gerovich.
“Simon is among the most trustworthy individuals I’ve ever met in my whole life,” stated Trump. “You will have an ideal chief in Simon and a beautiful product in Bitcoin, and I believe that’s a successful mixture.
Nakamoto CEO David Bailey, who invested in Metaplanet quickly after it carried out its bitcoin treasury technique, additionally praised Gerovich and the Metaplanet group, noting that buyers throughout Japan are being pressured to take discover of the corporate.
“Metaplanet has develop into too massive to disregard,” stated Bailey.
Bailey went on to say that he appears 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 necessary establishment for Japan.”
