Metaplanet Stock Rises 4% Amid New Capital Structure Changes

Metaplanet's stock rose by 4.16% on the Tokyo Stock Exchange after announcing changes to its capital structure.
The company plans to issue dividend-paying preferred shares to attract institutional investors and increase its Bitcoin holdings.
Five major proposals were approved, including reclassifying capital reserves to support dividends and potential buybacks.
Class A preferred shares will offer a monthly floating-rate dividend, while Class B shares include quarterly dividends and a 10-year call option.
Metaplanet is Asia's largest corporate holder of Bitcoin, holding approximately 30,823 BTC valued at $2.75 billion.
The governance changes mark a shift towards traditional capital markets, using preferred equity to package Bitcoin exposure for institutional investors.
Metaplanet stock has increased by 26% year-to-date but remains 75% below its all-time high.