Japan Metaplanet won the approval of the $ 3.7 billion donation plan star-news.press/wp

Metapanet has obtained the Japanese company Metaplanet to repair the capital structure, wiping a path for billions in collecting potential donations for bitcoin accumulation strategy.

In an extraordinary general meeting on Monday, investors Backed Amendments to the company’s founding materials to expand its accredited shares to 2.7 billion. It also provided a new dual -category arrows that would allow metaplanet to attract different types of investors while maintaining control over current shareholders.

Class A shares will carry fixed profits, providing investors who focus on income more stable returns. Class B shares will be a more dangerous bet, but they come with the option to convert to shared shares. This step provides a potential upward trend if the company’s Bitcoin accumulation strategy succeeds.

Metaplanet puts new stock classes as a “defensive mechanism”, which protects joint contributors from excessive mitigation with the opening of up to 555 billion yen ($ 3.7 billion) in possible financing.

Metaplanet is close to achieving Bitcoin goals

On August 1, Metaplanet announced a $ 3.7 billion collection plan to help finance its goal of obtaining 210,000 Bitcoin (BTC) by the end of 2027.

On Wednesday, the company’s board of directors decided to issue new shares through an international offer. This paved the way for the shareholders ’meeting, which was likely to be the largest obstacle in internal government.

While the shareholders have agreed to the framework, the company’s board of directors still allows the specific issuance conditions. Metaplanet must also provide detailed registration data to Japanese organizers.

The biggest challenge of the company’s aspirations for money raising is to make actual investors to achieve the maximum potential increase of $ 3.7 billion.

Metaplanet’s efforts to raise funds come amid a recent decrease in stock prices. On Tuesday, Google Financing Data Show Metaplanet shares were traded at about $ 5.74, a decrease of 54 % of its highest level at $ 12.75 in June.

Related to: The encryption market to cancel a lock of $ 4.5 billion in symbols in September

Metaplanet holds the sixth largest bitcoin ministry for companies

As of Tuesday, Metaplanet was the world’s sixth largest employer in the world. The company bought 1,009 BTC on Monday for about $ 112 million.

This paid his possession to 20,000 Bitcoin, at a value of about $ 2.2 billion at the current market prices.

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