Japanese company Metaplanet, which is focused on buying Bitcoin, got permission from its shareholders to raise about $884 million by selling up to 550 million new shares. The company plans to use most of the money to buy more Bitcoin.

Eric Trump, son of U.S. President Donald Trump, became an adviser to Metaplanet in March 2025. He attended the meeting in Shibuya, Tokyo, and was expected to speak later at a special event.

Metaplanet used to run hotels and sell music CDs. But after the pandemic hurt its hotel business, it changed direction and started buying large amounts of Bitcoin. It now owns 20,000 BTC, making it one of the top Bitcoin-holding companies in the world.

In the past year, Metaplanet’s stock price jumped nearly 760%, much more than Japan’s main stock index (Topix), which rose just 14%. However, the stock dropped 3.9% on Monday.

The meeting had a fun atmosphere with food trucks, people in costumes, and even a K-Pop performance. But the media was not allowed inside the actual meeting.

Eric Trump and his brother Donald Trump Jr. also co-founded a U.S. Bitcoin mining company called American Bitcoin, which plans to be listed on the Nasdaq stock exchange soon. Their crypto businesses have gained attention, especially since Donald Trump calls himself the “crypto president” and supports digital assets.

Metaplanet is now seen as one of the largest Bitcoin holders among public companies. Its future depends on the price of Bitcoin and whether investors continue to support its strategy.

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