Japan’s Metaplanet Wins Approval for $3.7B Fundraising Plan

Japanese Bitcoin-stacking company Metaplanet secured shareholder approval to overhaul its capital structure, clearing a path for billions in potential fundraising earmarked for its Bitcoin accumulation strategy. 

At an extraordinary general meeting on Monday, investors backed amendments to the company’s articles of incorporation to expand its authorized shares to 2.7 billion. It also introduced a new dual-class preferred stock system that would allow Metaplanet to attract different types of investors while preserving control for existing…