Japan's largest bitcoin holding company Metaplanet approves the issuance of dividend preference shares

Metaplanet on Monday approved an overhaul of its capital structure to allow the raising of funds from institutional investors through the issuance of dividend-paying preference shares. The approved proposals include reclassifying the capital reserve, doubling the number of preference share authorizations, and amending the dividend structure to introduce floating and regular dividends. A preference shares will use a monthly floating dividend mechanism, and B preference shares will provide quarterly dividends and be open to international institutional investors.
Metaplanet currently holds around 30,823 bitcoins, worth $2.75 billion, making it the largest corporate bitcoin holder in Asia. The company also announced that it will further expand its global market presence by trading over-the-counter in the U.S. through American depositary receipts.