MetaPlanet’s shareholders have approved all proposals, giving the company a clear green light to raise more money and buy more Bitcoin. The company has doubled its authorized preferred shares, making it easier to issue new shares or debt when needed.
MetaPlanet is aiming to hold up to 100,000 BTC, which is why many people are calling it Asia’s version of Michael Saylor’s Strategy. After the approval, the stock went up by more than 4%, showing that investors are comfortable with the company’s Bitcoin-focused approach.
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