Metaplanet approved an overhaul of its capital structure on Monday, allowing Japanโs largest corporate Bitcoin holder to raise funds through dividend-paying preferred shares aimed at institutional investors.ย ย Investors approved five proposals that collectively expand Metaplanetโs ability to issue preferred shares, introduce new dividend mechanics and open participation to overseas institutional capital, said Dylan LeClair, the companyโs Bitcoin strategy director. The approved measures include reclassifying capital reserves to allow for preferred share dividends and potential buybacks, doubling the authorized number of Class A and Class B preferred shares and amending…
Metaplanet Reworks Capital Structure to Attract Institutional Investors
