Bitcoin Magazine
Norway’s Sovereign Wealth Fund Backs Metaplanet’s Bitcoin Strategy
Norway’s Norges Bank Investment Management (NBIM), the manager of the country’s $1.7 trillion sovereign wealth fund, has voted in favor of all five management proposals at Metaplanet’s upcoming Extraordinary General Meeting (EGM) on Dec. 22, endorsing the firm’s bitcoin treasury strategy.
NBIM, which held roughly a 0.3% stake in Metaplanet as of June 30, disclosed its vote via Dylan LeClair, Metaplanet’s director of bitcoin strategy.
The five proposals are designed to expand the company’s capital flexibility and support non-dilutive bitcoin accumulation.
One proposal would reduce capital stock and capital reserves, allowing funds to be transferred to surplus. This would enable dividends, share buybacks, or bitcoin acquisitions without increasing the number of outstanding common shares.
Another proposal seeks to increase the company’s authorized share count, including the
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