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 whole provide — by 2027.
This imaginative and prescient contains issuing two variations of a brand new monetary product — Metaplanet Prefs, perpetual most well-liked inventory choices that resemble the kind that Technique 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 whole 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 steadiness sheet on this 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 by way of 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 advised 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 totally new,” mentioned Gerovich.
He defined how the popular fairness Metaplanet plans to supply won’t solely develop into a significant fundraising mechanism to accumulate extra bitcoin, very like it has for Technique, however that it’ll additionally set up a bitcoin-backed yield curve — one with the potential to provide higher returns than these from mounted revenue 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 international locations.
“Low charges in Japan are our hidden superpower,” he mentioned.
He additionally shared that conventional mounted revenue markets are “beneath pressure” and that traders are “trying to find options.”
This, in accordance with Gerovich, is a chance to develop into the biggest 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 lessons of most well-liked fairness.
Class A might be designed to be a “safer and steadier” monetary product that provides a yield, very like conventional mounted revenue merchandise. The product will yield 5%. Class B might 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, acknowledged Gerovich.
4 Benefits of Metaplanet’s Perpetual Fairness Merchandise
- Diversification of financing: To this point, Metaplanet’s solely fundraising mechanism has been issuing shares of its widespread inventory. Prefs will provide the corporate a brand new strategy to elevate cash.
- Permanence: Issuing perpetual debt devices with a promise of a 5% return price 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 international locations, enabling Metaplanet to lift cash at a less expensive price that almost all of its bitcoin treasury firm friends.
- Capability to cap most well-liked share issuance: Metaplanet will cap its most well-liked share issuance at 25% of its bitcoin NAV. Doing this might 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 concept 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 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 hearth chat with Gerovich throughout the afternoon’s programming, spoke extremely of Gerovich.
“Simon is among the most sincere individuals I’ve ever met in my total life,” mentioned Trump. “You could have a terrific chief in Simon and a beautiful product in Bitcoin, and I believe that’s a profitable 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 traders throughout Japan are being compelled to take discover of the corporate.
“Metaplanet has develop into too huge to disregard,” mentioned Bailey.
Bailey went on to say that he seems 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 finished in making Metaplanet a “systemically essential establishment for Japan.”
