Japan's Largest Bitcoin Holder Metaplanet Approves Dividend Preferred Shares

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
Bitcoin news broke on December 22 as Japan’s top corporate Bitcoin holder, Metaplanet, approved a capital structure update. The plan allows issuing dividend preferred shares to institutional investors. Metaplanet will reclassify capital reserves, double authorized Class A and B preferred shares, and introduce monthly and quarterly dividend options. Class A shares will pay monthly floating dividends, while Class B shares will offer quarterly payouts and access for global institutional investors. The company holds 30,823 Bitcoin, valued at $2.75 billion. Metaplanet will also trade via ADRs in the U.S. OTC market. The move aims to expand its global presence and attract more Bitcoin analysis from investors.
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.