Institutional Support Strengthens Confidence in Bitcoin Treasury Expansion
Norway’s sovereign wealth fund has formally signaled support for Metaplanet’s Bitcoin-focused capital strategy, reinforcing growing institutional acceptance of Bitcoin as a long-term treasury asset. The endorsement comes just days before the company’s Extraordinary General Meeting scheduled for December 22.
Norges Bank Votes in Favor of Bitcoin Treasury Plan
Norges Bank Investment Management which manages roughly $1.7 trillion in assets, voted in favor of all five management proposals put forward by Metaplanet. The fund currently holds approximately 0.3% of the company, making it a notable institutional shareholder.
The vote supports Metaplanet’s plan to expand capital flexibility while pursuing non-dilutive Bitcoin accumulation, a strategy designed to strengthen its balance sheet without eroding common shareholder value.
The approved measures include reducing capital stock and reserves to allow funds to be redirected toward dividends, share buybackss or Bitcoin purchases without increasing outstanding shares. Metaplanet also received approval to expand authorized share classes, enabling future capital raises aligned with its Bitcoin strategy.
Central to the plan is the introduction of perpetual preferred shares. Class A “MARS” shares offer variable monthly dividends and seniority, while Class B “MERCURY” shares feature fixed quarterly dividends, conversion rights, and redemption options. The company aims to raise $150 million from institutional investors through these instruments.
Metaplanet shares are up around 8% year-to-date, trading near 400 yen, as investors respond positively to institutional backing of its Bitcoin-focused approach.
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