- Metaplanet’s new financing plan channels ~$150M toward continuous Bitcoin accumulation.
- Class B Preferred Shares offer yield via JPY TONA-linked dividends and limited shareholder dilution.
- Capital restructuring, cancellations, and governance changes aim to stabilize long-term funding.
Metaplanet Inc. has detailed a multi-layered financing plan that links its capital structure more directly to Bitcoin accumulation, outlining a set of preferred share issuances, stock acquisition right adjustments, and corporate governance changes.
The company stated that the strategy is intended to secure long-term funding capacity while maintaining existing shareholder positions, following a series of formal notices submitted ahead of a shareholder vote scheduled for December.
The new filings describe several resolutions, including the issuance of Class B Preferred Shares through a third-party allotment. The structure is designed to limit dilution for common shareholders by distributing the new shares primarily to selected foreign investors.
According to disclosures, dividends attached to the Class B Preferred Shares will be paid quarterly, in March, June, September, and December, and are linked to Japan’s reference interest rate, JPY TONA, plus a fixed margin that provides a defined yield for participating institutions.
In parallel, Metaplanet announced the acquisition and cancellation of multiple existing stock acquisition rights from earlier rounds. The company confirmed it will retire the 28th, 29th, and 32nd series of stock acquisition rights as part of its restructuring. Executives said the adjustments aim to stabilize the capital framework and align long-term interests with common shareholders.
A separate notice outlined preparations for an Extraordinary General Meeting, which will include proposed amendments to the Articles of Incorporation, a reduction of capital stock and capital reserves, and authorization for the new Class B share issuance.
Financing Plan Channels Capital Toward Bitcoin Purchases
Metaplanet stated that most of the expected proceeds, valued at approximately $150 million across the revamped structure, will be directed toward continued Bitcoin accumulation. Management described constant Bitcoin purchasing as a central feature of its treasury model, particularly during periods of market weakness. The company reiterated that its approach is built on maintaining long-term reserves through consistent buying, regardless of short-term price trends.
The company also disclosed that it may seek to list the Class B Preferred Shares on the Tokyo Stock Exchange. However, it cautioned that approval is not assured. According to the filing, a listing could broaden access for larger institutions seeking exposure to yield-based instruments tied to Bitcoin-oriented strategies.?
Related: Japan to Slash Crypto Tax From 55% to 20% by 2026: Here’s Why That’s Huge for Metaplanet
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Source: https://coinedition.com/metaplanet-unveils-150m-bitcoin-linked-capital-plan-as-it-reshapes-share-structure/
