Metaplanet is undergoing a comprehensive capital structure reform and will raise funds by issuing preferred shares to institutional investors.

Metaplanet on Monday received approval for a comprehensive overhaul of its capital structure, allowing Japan's largest Bitcoin crypto treasury (DAT) to raise funds through a dividend-paying preferred stock offering to institutional investors. The approved proposals include reclassifying capital reserves, doubling the authorized number of Class A and Class B preferred shares, and modifying the dividend structure to introduce floating and periodic dividends. Class A preferred shares will have a monthly floating dividend mechanism, while Class B preferred shares will offer quarterly dividends and be open to international institutional investors. Metaplanet currently holds approximately 30,823 bitcoins, worth $2.75 billion, making it Asia's largest Bitcoin crypto treasury (DAT). Metaplanet will also further expand its global market presence by trading its American Depositary Receipts (ADRs) on the U.S. over-the-counter market. (Cointelegraph)