Japan's largest Bitcoin-holding company Metaplanet approves the issuance of preferred stock for dividends

Japan's largest corporate Bitcoin holder, Metaplanet, approved a comprehensive reform of its capital structure on Monday, allowing it to raise funds from institutional investors by issuing dividend preference shares. The approved proposal includes reclassifying capital reserves, doubling the authorized number of Class A and Class B preference shares, and modifying the dividend structure to introduce floating and regular payouts.

Class A preference shares will adopt a monthly floating dividend mechanism, while Class B preference shares will offer quarterly dividends and be open to international institutional investors. According to reports, Metaplanet currently holds approximately 30,823 Bitcoins, valued at $2.75 billion, making it the largest corporate Bitcoin holder in Asia. The company also announced that it will trade through American Depositary Receipts in the U.S. over-the-counter market, further expanding its global market presence.