Metaplanet, the largest Bitcoin holder in Japan, has been approved to issue preferred shares that pay dividends to attract foreign institutional investors, shifting the focus from merely benefiting from the appreciation of Bitcoin assets to raising stable institutional capital through dividends.
This capital restructuring move expands the indirect access channel to Bitcoin assets for institutions, while adding a dividend mechanism and an exit strategy to reduce risks compared to holding Bitcoin directly.
MAIN CONTENT
Metaplanet has been approved to issue preferred shares that pay dividends to attract institutional capital.
Add a floating monthly dividend mechanism (Class A) and quarterly dividends (Class B).
Class B has a buyback option with a premium after 10 years and an exit if the IPO is not completed.
Capital restructuring: prioritizing dividends to attract institutions
Metaplanet announced a capital restructuring and was approved to issue preferred shares that pay dividends to attract foreign institutional investors.
Key changes include expanding the scale of preferred share issuance to allow more institutions to participate, while also adding two payment mechanisms: floating monthly dividends for Class A preferred shares and quarterly dividends for Class B preferred shares.
With Class B, Metaplanet adds a buyback option with a premium after 10 years and an exit strategy if the IPO is not completed. This design aims to reduce investment risks, emphasizing the goal of attracting stable institutional capital through dividends rather than solely relying on the appreciation of Bitcoin assets.
The scale of Bitcoin holdings and the benefits of indirect access
Metaplanet currently holds 30.823 Bitcoin, worth approximately 2.75 billion USD, leading Asia in enterprise Bitcoin holdings and ranking fourth globally.
The company stated that through preferred shares, institutional investors can indirectly access Bitcoin assets. This approach aims to avoid the volatility risks of holding Bitcoin directly while still maintaining a link to the scale of Bitcoin assets that Metaplanet owns.
Source: https://tintucbitcoin.com/metaplanet-phat-hanh-co-phieu-uu-dai-hut-von-ngoai/
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