Japan's largest Bitcoin-holding company Metaplanet approves the issuance of dividend preferred shares

Metaplanet approved a comprehensive reform of its capital structure on Monday, allowing it to raise funds from institutional investors through the issuance of dividend preferred shares. The approved proposal includes reclassifying capital reserves, doubling the authorized number of Class A and Class B preferred shares, and modifying the dividend structure to introduce floating and fixed dividends.

Class A preferred shares will adopt a monthly floating dividend mechanism, while Class B preferred shares will provide quarterly dividends and be open to international institutional investors. It is reported that Metaplanet currently holds approximately 30,823 Bitcoins, valued at $2.75 billion, making it the largest corporate Bitcoin holder in Asia. The company also announced that it will trade through American Depositary Receipts in the U.S. over-the-counter market, further expanding its global market layout.