Metaplanet Board of Directors Approves Plan to Increase Bitcoin Holdings

BlockBeats news, December 24, according to DL News, despite increasing pressure on Digital Asset Treasury (DAT), Metaplanet has taken another step towards its goal of holding 210,000 bitcoins by the end of 2027.

Dylan LeClair, Metaplanet's Director of Strategy, stated that the company passed several equity-related proposals at an extraordinary shareholders' meeting, which will help the company raise funds for further bitcoin purchases.

This move effectively allows Metaplanet to use financial instruments to increase its bitcoin holdings without immediately diluting the shareholding ratio of existing shareholders.