So, what’s the deal with Metaplanet, folks?
- They somehow convinced everyone to up their authorized shares to a whole 2.7 billion. Because, you know, why stop at two?
- They decided the future is now, and said virtual-only meetings are the way to go. Who even needs humans anymore?
- They also created two types of shares: Class A and Class B. Because who loves a monolith anyway?
On Tuesday, in the midst of a regular day filled with existential dread and the occasional sniffle, Metaplanet Inc (3350) decided to have a little dance and their shares shot up more than 2.5% to 853 yen. It was all thanks to their shareholders green-lighting some boring-seeming yet glowingly important changes at an exciting-as-watch-paint-dry extraordinary general meeting on September 1st.
The first boring-but-great resolution meant that they’re now authorized to have 2.7 billion shares-like, who’s counting?-allowing them to presumably buy a yacht or furnish an office in the future when they find themselves flush with cash. Meanwhile, the second amendment is a breath of fresh air-or maybe just more air, since everyone might now convene in the realms of cyberspace for their meetings, and we’ll save humans from the hassle of boardrooms.
The third resolution was all about creating two types of shares: Class A and Class B-because who knows what Class C or D could bring? Maybe hamsters in suits. Management thanked their shareholders with the warm, genuine enthusiasm of someone receiving a thank-you note from a toddler. It appears these changes are all designed to set Metaplanet up for growth, a concept as exciting as watching paint dry if you’re not involved in actual paint-making.
Market-wise, the reaction has been positively enthusiastic for Metaplanet’s plans. Shares are rallying in Tokyo, and let’s just say there’s newfound electric energy-if you know what I mean-surrounding Metaplanet. The market agrees-apparently, money talks, and these changes have it whispering sweet nothings into everyone’s ears.
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2025-09-02 11:18