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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump Media spends $13.44 million to acquire an additional 150 BTC
ETHZilla sells 24,000 ETH to raise $74.5 million and halts mNAV dashboard updates
LazAI Alpha mainnet officially launched, ushering in the era of verifiable AI data assetization
