Picture a stoic Norwegian giant, NBIM, guardian of a $2 trillion sovereign wealth fund, stomps into Tokyo’s crypto coliseum.
Metaplanet, “Asia’s Strategy,” chasing Bitcoin dreams like a caffeinated squirrel after the ultimate nut.
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Bitcoin Treasury Model
The call to adventure blasts on December 22’s Extraordinary General Meeting horizon.
NBIM, clutching a 0.49% stake (up from 0.3% since June), roars “Yes!” to all five proposals.
No timid toe-dip, this is full-throated endorsement of the Bitcoin Treasury Model, turning corporate coffers into BTC vaults.
First twist in the tale, slash capital stock and reserves. Surplus cash floods out for dividends, buybacks, or more Bitcoin accumulation. Shares stay put, so no dilution drama.
Predictable cash with Bitcoin upside
Flex time hits next. Pump up authorized shares, unleash Class A (MARS) perpetual seniors with juicy variable monthly dividends. Investors salivate over yields, common holders breathe easy.
Then, Class B (MERCURY) shares strut in like institutional catnip, fixed quarterly payouts, conversion perks, redemption options. Predictable cash with Bitcoin upside? Sign the whales up.
Cue the cash grab, $150 million from MERCURY issuances, straight to BTC buys. Scalable war chest activated.
If this lands, Metaplanet vaults toward top-dog status, nipping at Michael Saylor’s Strategy heels, aiming 30,000 to 100,000 BTC by 2026.
*Notice Regarding the Convocation of an Extraordinary General Meeting of Shareholders, Partial Amendments to the Articles of Incorporation, Reduction of Capital Stock and Capital Reserve, and Issuance of Class B Shares Through a Third-Party Allotment* pic.twitter.com/rhjRGIcxfA
— Metaplanet Inc. (@Metaplanet) November 20, 2025
Victory means Metaplanet as global BTC titan
NBIM’s no rookie. They own 1.05% of Strategy ($1.1 billion slice by late 2025). Backing U.S. and Asian Bitcoin treasuries?
That’s “index-weighting” a fresh asset class. Conviction reeks of fjord-fresh fish. And not surprisingly, the markets jitter approvingly. Metaplanet trades at 404 JPY, up 1.51%.
On the other hand, Metaplanet’s paused BTC buys since September 29, mNAV dipped below 1x, forcing a tactical breather.
Balance sheet? Rock-solid Viking shield. The ordeal peaks December 22. Will proposals pass, boosting the hoard?
Or does uncertainty fork the road like a blockchain gone rogue? Victory means Metaplanet as global BTC titan.
NBIM’s bet screams Bitcoin treasury legitimacy. In this galaxy, where funds play Saylor dress-up, the horde grows.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: December 19, 2025 • 🕓 Last updated: December 19, 2025
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