The Metaplanet Board approves the plan to increase Bitcoin holdings

According to DL News, despite the increasing pressure on the Digital Asset Treasury (DAT), Metaplanet has taken a step towards its goal, planning to hold 210,000 bitcoins by the end of 2027.

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

This move effectively allows Metaplanet to increase its bitcoin holdings using financial instruments without immediately diluting the ownership percentage of existing shareholders.