Metaplanet clears issuance of dividend-paying shares for overseas institutions

Metaplanet approved five proposals to overhaul its capital structure, enabling the issuance of dividend-paying preferred shares specifically targeting overseas institutional investors. These measures include reclassifying capital reserves for dividends and buybacks, doubling authorized preferred shares, and amending dividend structures to offer floating and periodic payouts. This shift moves the company toward a more traditional market approach, packaging exposure to its significant Bitcoin holdings (making it Asia's largest corporate holder) into familiar equity formats for institutions. Class A shares will adopt a monthly, floating-rate dividend structure, while Class B shares include quarterly dividends, a 10-year call option for the issuer, and an investor put option if an IPO isn't completed within a year. This strategy allows global investors to gain Bitcoin exposure without directly holding spot BTC or volatile common stock.

(Source：Cointelegraph)