[Metaplanet Approved to Issue Dividend-Paying Preferred Shares to Attract Overseas Institutional Investment]
Japan's largest corporate Bitcoin holder, Metaplanet, announced adjustments to its capital structure and received approval to issue dividend-paying preferred shares, aiming to attract overseas institutional investors. Key changes include expanding the scale of preferred share issuance, introducing a monthly floating dividend mechanism for Class A preferred shares, and a quarterly dividend mechanism for Class B preferred shares. Additionally, Class B preferred shares now feature a premium buyback option after 10 years and an exit mechanism if an IPO is not completed. Currently, Metaplanet holds 30,823 Bitcoins (valued at approximately $2.75 billion), allowing institutional investors to indirectly gain exposure to Bitcoin assets through preferred shares.