Japan’s Biggest Bitcoin Holder Now Offering Dividend Shares to Investors
Metaplanet shareholders authorized all 5 proposals at a unprecedented assembly on Friday, clearing the way in which for 2 new lessons of most popular shares designed to fund Bitcoin purchases whereas delivering fastened month-to-month and quarterly dividends to traders.
The Tokyo-listed firm, which holds 30,823 BTC value roughly $2.7 billion, is now positioned to increase capital by dividend-paying securities slightly than additional diluting frequent stockholders.
Executive Dylan LeClair confirmed the assembly’s end result on social media, as CEO Simon Gerovich additionally thanked attendees in any case agenda objects handed.
5/5 Proposals Approved on the @Metaplanet Extraordinary Shareholder Meeting
1) Approve shift of capital inventory and capital reserve to capital surplus to enhance capability for most popular share dividends & potential share buybacks.
2) Increase the entire variety of licensed…
— Dylan LeClair (@DylanLeClair) December 22, 2025
The approvals included increasing licensed most popular shares to 555 million for each Class A and Class B constructions, amending Class A shares to carry month-to-month floating-rate dividends below the MARS (Metaplanet Adjustable Rate Security) system, and authorizing the issuance of Class B most popular shares to abroad institutional traders.
Metaplanet Mirrors Strategy’s Dividend-Backed Bitcoin Funding Model
The MARS construction mimics Strategy’s STRC preferred stock, which launched in July and at present trades close to $98 with an annualized dividend of about 10.75%.
STRC’s dividend adjusts month-to-month to hold the inventory close to its $100 goal worth, lowering volatility whereas providing regular revenue to traders in search of Bitcoin publicity with out direct fairness threat.
Strategy has used STRC proceeds to fund Bitcoin purchases, with about 21,000 BTC acquired from this system’s preliminary public providing alone.
Metaplanet’s Class A most popular shares can pay adjustable month-to-month dividends designed to ship worth stability, with charges rising when the inventory trades under par and falling when it trades above.
Class B shares, branded “Mercury,” pay a quarterly dividend of 4.9% yearly and supply the choice to convert to frequent inventory if Metaplanet’s share worth triples from present ranges.
The Mercury shares raised ¥21.25 billion ($135 million) in November by a third-party allocation to abroad institutional traders, with a conversion worth set properly above the prevailing market charge to restrict near-term dilution.
Metaplanet raises $135M for Bitcoin acquisitions as Saylor defends treasury technique, saying Strategy can face up to 80-90% drawdowns.#Metaplanet #Bitcoinhttps://t.co/pikptcs4nb
— Cryptonews.com (@cryptonews) November 21, 2025
Back then, Gerovich said the construction goals to “reduce dilution from frequent share issuances whereas persevering with to develop BTC holdings,” calling it a “new step in scaling” the corporate’s Bitcoin treasury technique.
The firm additionally authorized shifting capital inventory and capital reserves to capital surplus, rising capability for most popular share dividends and potential share buybacks.
The Class B shares are topic to a 10-year 130% issuer name and embody an investor put proper, except an preliminary public providing happens inside one yr.
U.S. Trading Access Opens Through Sponsored ADR Program
The shareholder approvals adopted Metaplanet’s launch of a Sponsored Level I American Depositary Receipt program, giving U.S. traders dollar-denominated entry to the corporate’s fairness below the ticker MPJPY.
Deutsche Bank Trust Company Americas serves because the depositary, whereas MUFG Bank acts because the custodian for the underlying shares in Japan.
Each ADR represents one strange Metaplanet share and trades on the U.S. over-the-counter market.
Gerovich mentioned the ADR program “immediately displays suggestions from U.S. retail and institutional traders in search of simpler entry to our fairness.”
The construction improves settlement effectivity, lowers transaction prices, and will increase transparency for U.S. traders who face operational and regulatory hurdles when buying and selling foreign-listed shares immediately.
Metaplanet’s shares beforehand traded within the U.S. below the image MTPLF, however that association concerned no formal settlement with a depositary financial institution and restricted the corporate’s skill to present constant disclosures and investor assist.
The ADR launch just isn’t designed to increase capital and doesn’t have an effect on the variety of issued frequent or most popular shares.
Notably, Metaplanet shares rose 4% at this time following the announcement, closing at 451 yen.
Metaplanet amassed roughly 29,000 BTC in 2025 however paused purchases in late September amid volatility that pressured Bitcoin treasury corporations.
The firm additionally secured a $130 million loan in November backed fully by Bitcoin below a $500 million credit score facility, sustaining what it described as a ample collateral buffer even in periods of robust worth volatility.
The put up Japan’s Biggest Bitcoin Holder Now Offering Dividend Shares to Investors appeared first on Cryptonews.