Metaplanet CEO hints at a major Bitcoin decision imminent, stock price fluctuates ahead of the special shareholders' meeting

Ahead of the upcoming Extraordinary General Meeting (EGM), the stock price of Japan-listed company Metaplanet has been oscillating around 440 yen. The company’s CEO Simon Gerovich recently hinted publicly that this meeting will make important decisions regarding “key Bitcoin purchases and capital structure adjustments,” and the voting outcomes may significantly impact the company’s future Bitcoin strategic deployment.

On December 15, Metaplanet officially announced on X platform that it will hold an online EGM on December 22. The meeting will focus on corporate governance and long-term strategic planning, with the most market-focused topic being the Bitcoin accumulation plan for 2025 and beyond. The company emphasized in the announcement that this EGM is “crucial to Metaplanet’s future development,” and urged shareholders to exercise their voting rights in advance within the specified timeframe.

In subsequent statements, Simon Gerovich pointed out that the EGM will review several key proposals, including the issuance of Class A preferred shares (MARS) and Class B preferred shares (MERCURY), as well as plans to reduce existing share capital and capital reserves. These measures are viewed as important tools to support the company’s long-term Bitcoin treasury strategy. According to the set goals, Metaplanet plans to increase its Bitcoin holdings to 100,000 coins by the end of 2026, making it one of the most aggressive corporate Bitcoin holders globally.

On the market side, Metaplanet’s stock price rebounded nearly 15% after the mNAV (modified net asset value) recovered above 1, but with increasing EGM uncertainty and Bitcoin price volatility, the short-term trend has weakened again. The latest data show that Metaplanet’s Tokyo stock closed at 436 yen, down about 1.36% for the day, with intraday fluctuations between 408 and 439 yen. The US-listed MTPLF stock also came under pressure, closing down about 2.8% at $2.71.

Meanwhile, Bitcoin’s price has oscillated around $89,000, with trading volume continuously shrinking. The market generally believes that the final decision of the EGM will be a key catalyst for Metaplanet’s stock price and its Bitcoin treasury strategy, and short-term uncertainty will likely continue to dominate trading sentiment.