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Metaplanet Board approves Bitcoin buyback plan
On December 24, according to DL News, despite increasing pressures faced by Digital Asset Treasury (DAT), Metaplanet has taken a step forward toward its goal of holding 210,000 Bitcoins by the end of 2027. Metaplanet Strategic Director Dylan LeClair stated that the company approved several equity-related proposals at a special shareholders’ meeting, which will help the company raise funds for further Bitcoin purchases. This move effectively allows Metaplanet to leverage financial instruments to increase its Bitcoin holdings without immediately diluting the ownership stake of existing shareholders.