TLDR:
- Metaplanet president reaffirmed the firm’s strong governance during its transition to a Bitcoin treasury business.
- The company conducted five shareholder meetings to approve structural and strategic changes tied to Bitcoin accumulation.
- Japan Exchange Group is reportedly increasing scrutiny of digital asset-related corporate transitions.
- Metaplanet maintains full compliance, emphasizing shareholder consent and management continuity since before its pivot.
Metaplanet has reaffirmed its commitment to corporate transparency following reports questioning its transition to a Bitcoin treasury business.
President Simon Gerovich addressed concerns over governance, emphasizing that all strategic changes were approved by shareholders. The Tokyo-listed firm clarified that its board and management followed due procedures in every phase of its business realignment.
The statement comes as Japanese regulators and exchanges heighten scrutiny of companies shifting toward digital asset ventures.
Metaplanet Reaffirms Governance Compliance Amid Bitcoin Strategy Shift
According to company president Simon Gerovich, Metaplanet’s governance framework remains intact despite recent media speculation. Reports suggested that Japan Exchange Group (JPX) is monitoring cases involving companies moving into crypto-related sectors.
Gerovich stated that Metaplanet conducted five shareholder meetings over the past two years to authorize its strategic shift. These included four extraordinary sessions and one annual general meeting.
During these meetings, shareholders approved amendments to the firm’s articles of incorporation to support its Bitcoin-focused direction. They also sanctioned an increase in authorized shares, enabling more capital allocation toward Bitcoin acquisition.
Additionally, new share classes were approved to facilitate structured investment within the company’s treasury framework. Each of these steps, Gerovich said, adhered to Japan’s corporate governance standards and existing management oversight.
Metaplanet’s transition began with its decision to redefine its corporate purpose around Bitcoin accumulation. The move aligned the company with the growing trend of listed firms adopting digital assets as part of treasury diversification.
Regulatory interest in such transitions has risen as Japan strengthens oversight of digital asset-linked business models. Gerovich emphasized that every decision was made transparently and within the scope of shareholder mandates.
Regulatory Scrutiny Grows for Crypto-Linked Corporate Transitions
Media reports in Japan have suggested that JPX is monitoring firms potentially using backdoor listings to pivot into digital assets. These are instances where companies acquire existing listings instead of pursuing new public offerings.
Gerovich clarified that Metaplanet’s transition does not fall under that classification, noting the firm’s management continuity. The same executive team has overseen all corporate resolutions since before the shift toward Bitcoin operations.
Oversight of governance structures in crypto-aligned corporations has increased as regulators seek to maintain investor confidence. The heightened attention reflects Japan’s efforts to ensure transparency among firms pursuing blockchain-related business strategies.
Metaplanet maintains that governance remains central to its operations as it advances its Bitcoin treasury model. The company continues to position itself as a compliant, publicly accountable entity amid Japan’s evolving digital asset landscape.
The post Metaplanet President Defends Governance Amid Bitcoin Treasury Transition appeared first on Blockonomi.
Source: https://blockonomi.com/metaplanet-president-defends-governance-amid-bitcoin-treasury-transition/