BlockBeats News, December 22nd, Metaplanet approved a comprehensive reform of its capital structure on Monday, allowing the Japanese largest Bitcoin Digital Asset Treasury (DAT) company to raise funds through the issuance of dividend priority shares to institutional investors. The approved proposal includes reclassifying capital reserves, doubling the authorized quantity of Class A and Class B preferred shares, and modifying the dividend structure to introduce both floating and regular dividends. Class A preferred shares will adopt a monthly floating dividend mechanism, while Class B preferred shares will provide quarterly dividends and be open to international institutional investors.
Metaplanet currently holds approximately 30,823 Bitcoins, valued at $2.75 billion, making it the largest Bitcoin Digital Asset Treasury (DAT) company in Asia. Metaplanet will also trade on the U.S. over-the-counter market via American Depositary Receipts, further expanding its global market presence.
