2025-12-24 19:25:51

Metaplanet's board has greenlit an ambitious Bitcoin acquisition roadmap, aiming to accumulate 210,000 BTC by the end of 2027. To fund this expansion, the company plans to issue additional Class A and B shares with new floating-rate features and implement quarterly dividend distributions to shareholders. The financing structure includes a 130% issuer call option, giving the company flexibility to manage its capital structure, alongside IPO-related put provisions for investor protection. This move signals the company's confidence in Bitcoin's long-term value proposition and reflects a disciplined approach to building institutional-scale crypto holdings while maintaining shareholder alignment through dividend mechanisms.

BTC0.64%

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GasOptimizer

· 9h ago

2.1 million tokens? Let's calculate the capital efficiency... This financing structure is interesting; the 130% issuer call options effectively leave room for hedging. The quarterly dividend mechanism is also good, allowing retail investors to feel the value flow back, unlike some projects that only cut leeks. I just want to know how this money is specifically allocated—spot? Futures? Or simply kept in cold wallets waiting for the right price? What about on-chain evidence?

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ZenZKPlayer

· 9h ago

NGL, 210k BTC by 2027? That's really bold. Just betting that BTC won't crash, huh?

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MetaverseMigrant

· 9h ago

210,000 Bitcoins? Is this guy serious or just gambling... but it’s definitely a bit intense

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OnchainArchaeologist

· 9h ago

2.1 million Bitcoins? If you can keep up with this pace, it's unbelievable—feels like betting on the future.

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PrivateKeyParanoia

· 9h ago

2.1 million Bitcoins? Really daring to imagine, haha --- This financing structure looks quite complicated, but the core is all in BTC. --- Floating-rate shares... another new trick to harvest retail investors? --- Is the last digit correct? 210,000 or 2.1 million... such a big difference. --- The reasons to hold dividends are increasing, clever. --- Are institutional-level investors now openly buying coins? That's a bit crazy. --- Is the 130% call option ratio a bit aggressive...?

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