Metaplanet Issues New Bitcoin-Funding Shares

Metaplanet, Japans largest Bitcoin holder, unveils new share types, Mars and Mercury, to fund operations and expand Bitcoin holdings without diluting existing shares. Mars shares offer variable dividends for price stability, while Mercury provides a fixed 4.9% annual dividend. Metaplanet plans to issue 23.6 million Mercury shares, raising $135 million from institutional investors. This strategy positions Metaplanet as a unique Bitcoin treasury firm using preferred shares to minimize impact on existing shareholders.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.