Metaplanet Approves Capital Structure Overhaul to Attract Institutional Investment

According to ChainCatcher, Japan's largest corporate Bitcoin holder, Metaplanet, has approved a comprehensive reform of its capital structure on Monday. The changes will allow the company to raise funds from institutional investors by issuing dividend-preferred shares. 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 both floating and fixed payouts. Class A preferred shares will feature a monthly floating dividend mechanism, while Class B preferred shares will offer quarterly dividends and be open to international institutional investors. Reports indicate that 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 plans to trade on the U.S. over-the-counter market through American Depositary Receipts, aiming to further expand its global market presence.