The post Metaplanet Approves Shares to Expand Bitcoin appeared first on Coinpedia Fintech News
Tokyo-listed Metaplanet, holding 30,823 BTC worth $2.75 billion, approved issuing preferred shares without affecting common stock. Following MicroStrategy’s approach, the company doubled its Class A (MARS) and Class B (MERCURY) shares, added floating-rate and quarterly dividends, and targeted institutional investors. Recently, it raised $150 million through MERCURY shares and $250 million via credit for Bitcoin purchases. The stock jumped 18% to 451 JPY as investors anticipate further Bitcoin accumulation and bigger holdings.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact
[email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.