Japan's largest Bitcoin holding company Metaplanet approves the issuance of dividend preferred shares.

ChainCatcher News, 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 preferential shares. The approved proposal includes reclassifying capital reserves, doubling the authorized number of Class A and Class B preferred shares, and modifying the dividend structure to introduce floating and regular payouts. 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. 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, further expanding its global market footprint.