Metaplanet approves comprehensive capital structure reform and issues preferred shares to raise funds from institutional investors
BlockBeats News, December 22, Metaplanet on Monday approved a comprehensive reform of its capital structure, allowing Japan's largest bitcoin digital asset treasury (DAT) company to raise funds by issuing dividend-paying preferred shares to institutional investors. The approved proposals include 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 offer quarterly dividends and be open to international institutional investors.
Metaplanet currently holds approximately 30,823 bitcoins, valued at $2.75 billions, making it the largest bitcoin digital asset treasury (DAT) company in Asia. Metaplanet will also trade in the U.S. over-the-counter market through American Depositary Receipts, further expanding its global market presence.
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