Metaplanet shareholders approve plan to purchase 210,000 BTC

Shareholders of Metaplanet, a publicly listed Japanese company that has added Bitcoin to its corporate treasury, have approved a plan to purchase 210,000 BTC by 2027, Cryptoslate reported. The acquisition will be funded by raising up to 555 billion yen ($3.58 billion) through an issuance of preferred shares. The decision was made at a shareholders’ meeting on Sept. 1, which was attended by Eric Trump, the second son of U.S. President Donald Trump. Metaplanet previously announced the purchase of an additional 1,009 BTC, bringing its current holdings to 20,000 BTC.