Metaplanet approves dividend-paying shares for foreign institutions

Metaplanet, a publicly listed Japanese company that has incorporated Bitcoin as a key corporate asset, has approved the issuance of dividend-paying preferred stock, Cointelegraph reported. The move signals a shift from a growth-focused model to a traditional capital strategy that includes income-generating securities. Following the approval, Metaplanet can reclassify its capital reserves to fund preferred stock dividends and share buybacks, and the issuance limit for its Class A and B preferred shares has been doubled. The Class B shares have been specifically approved for issuance to overseas institutional investors. According to the report, this structure is seen as a strategy to offer a new type of Bitcoin exposure to global institutions that are reluctant to hold BTC directly or invest in volatile common stock. The company recently began trading on the U.S. OTC market and established a subsidiary in Miami as it works to attract global capital by localizing a U.S.-style Bitcoin strategy within Japan's regulatory environment.