Metaplanet clears issuance of dividend-paying shares for overseas institutions
Metaplanet, Japan's largest corporate Bitcoin holder, has approved a major capital restructuring to issue dividend-paying preferred shares targeting international institutional investors. The approved measures allow the company to reclassify capital reserves, double its authorized preferred shares, and introduce new floating and periodic dividend structures.
The Class A shares will offer monthly adjustable-rate dividends, while Class B shares will provide quarterly payouts and include investor protections like a 10-year call option and an IPO put clause. This shift enables Metaplanet to raise global capital by offering Bitcoin exposure through traditional equity instruments, rather than direct BTC holdings or common stock.
The company, which holds 30,823 BTC ($2.75B), is expanding its reach and will soon trade in the U.S. via OTC markets.
cointelegraph12/22 08:23
