Norway's sovereign wealth fund supports Metaplanet bitcoin plan ahead of EGM vote

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Norway's sovereign wealth fund supports Metaplanet bitcoin plan ahead of EGM vote Norges Bank, which holds a 0.3% stake in Metaplanet voted in favor of for all five proposals ahead of the Dec. 22 EGM. By James Van Straten | Edited by Jamie Crawley Dec 17, 2025, 12:12 p.m. Norway’s Norges Bank Investment Management has endorsed Metaplanet's bitcoin-focused strategy What to know : Norway’s sovereign wealth fund, which holds about 0.3% of Metaplanet, voted in favour of all five proposals ahead of the company’s Dec. 22 Extraordinary General Meeting, backing its Bitcoin treasury strategy. The proposals introduce perpetual preferred shares and expand capital flexibility to support non dilutive Bitcoin accumulation. Norway’s Norges Bank Investment Management (NBIM) has endorsed Metaplanet's (3350) bitcoin BTC $ 87,105.81 focused strategy, voting in favour of all five management proposals ahead of the company’s Extraordinary General Meeting (EGM) on Dec. 22, according to a Bloomberg screenshot shared by Dylan LeClair , Metaplanet’s director of bitcoin strategy. NBIM, which is one of the world's largest sovereign wealth funds, managing about $1.7 trillion in assets, reported that it held approximately 0.3% of Metaplanet as of June 30. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The five proposals approved by the fund are as follows: A reduction of capital stock and capital reserves, allowing funds to be transferred to surplus for dividends, share buybacks, or bitcoin acquisitions without changing the number of outstanding shares. An increase in authorized shares, including new preferred classes, to enable future capital raises to support bitcoin accumulation. The introduction of perpetual preferred Class A shares , known as MARS, which offer variable monthly dividends and ranks senior in the capital structure. The creation of perpetual preferred Class B shares, called MERCURY, featuring fixed quarterly dividends, conversion options, and cash redemption features. MetaPlanet are raising $150 million for third party allotment to institutional investors. Authorization to issue MERCURY shares to institutional investors to fund bitcoin purchases. Metaplanet’s common shares have risen about 8% year-to-date and are trading just over 400 yen ($2.60). 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