The extraordinary general assembly of Metaplanet, listed on the Tokyo Stock Exchange, approved all five proposed resolutions, in a strategic move that paves the way for launching new classes of preferred shares to finance additional purchases of Bitcoin without putting pressure on current shareholders.
The company aims to enhance its current Bitcoin treasury, which stands at 30,823 Bitcoin (worth approximately 2.7 billion dollars), through smart investment tools that yield monthly and quarterly dividends, instead of resorting to dilution of common stock shares.
🔹 Key Features of the New Structure (MARS & Mercury):
▪️ Class A Shares – MARS System
It adopts a model of variable monthly distributions aimed at maintaining stock price stability; distributions increase when the stock trades below its nominal value and decrease when it exceeds it, in an approach inspired by the experience of the American company Strategy.
▪️ Class B Shares – Mercury
Targeted at international institutional investors, it offers quarterly distributions of 4.9% annually, with an option to convert to common shares if the company's stock price triples, which limits the risk of immediate dilution of value.
▪️ Broader Global Openness
In parallel with this step, the company launched the American Depositary Receipts (ADR) program under the symbol MPJPY, allowing investors in the United States to purchase Metaplant shares in dollars through OTC markets.
🎯 Strategic Vision:
CEO Simon Gerovic explained that these decisions reflect investors' desire for seamless access to company ownership, while continuing to expand the Bitcoin reserve with minimal negative impact on current shareholders. The approvals also included accounting adjustments that provide greater flexibility in paying distributions and repurchasing shares in the future.
Are we facing a new model linking income stocks and Bitcoin as a treasury asset?
Analyzing the relationship between the market value of Metaplant and the price of Bitcoin may reveal much in the upcoming phase.
#Bitcoin #metaplanet
