Asset manager VanEck has rated Tokyo-listed Metaplanet as the only 'Bad' company for executive equity compensation among the 10 largest digital asset treasury firms, criticizing the Bitcoin treasury company's stock dilution practices despite recent reform efforts.
Metaplanet CEO Simon Gerovich acknowledged the company failed to adequately explain its Series 10 executive option plan involving 319 million shares and his connection to major shareholder MMXX Ventures, following investor criticism. Shares fell 7.5% to 271 yen despite the response.
Japanese Bitcoin treasury company Metaplanet agreed to invest 2,100 BTC (~$132.1M) plus $2.5M cash to acquire a 95.7% stake in Nasdaq-listed Super League Enterprise, establishing a US-based Bitcoin treasury platform.
Index provider MSCI opened a consultation on new 'non-operating company' screening rules that could exclude Bitcoin treasury firms Strategy and Metaplanet from its global equity indexes, potentially triggering an estimated $2.8 billion in passive selling for Strategy.
Japanese Bitcoin treasury company Metaplanet unveiled a continuous bond issuance program called BitBonds, completing its first sale with four private investors for approximately $1.3 million. CEO Simon Gerovich denied rumors that recent BTC transfers were sales.
Tokyo-listed Metaplanet purchased Siiibo Securities for approximately $13 million (2.1 billion yen), gaining a Type I securities brokerage license to develop Bitcoin-backed credit products and tokenized securities in Japan's regulated market. The move signals a strategic shift from passive Bitcoin accumulation to building an active Bitcoin-focused financial platform.
Japanese firm Metaplanet purchased 5,075 BTC for approximately $400 million in Q1 2026, bringing total holdings to 40,177 BTC and surpassing MARA Holdings to become the third-largest corporate Bitcoin treasury after MicroStrategy and Tesla.
