Metaplanet CEO Simon Gerovich confirmed that the company adhered to proper procedures during its transition to focus on Bitcoin custody. Over the past two years, Metaplanet conducted five shareholder meetings to secure approvals for significant changes, including amending its articles of incorporation, increasing authorized shares for Bitcoin acquisitions, and issuing new preferred share classes. These steps were executed under the previous management team. This announcement comes amid reports that Japan's exchange group is considering measures to prevent companies from excessively accumulating cryptocurrencies. These measures may include stricter enforcement of shell company listing rules and new audit requirements.