Japanese company Metaplanet's board has approved a plan to significantly increase its Bitcoin holdings, targeting 210,000 Bitcoins by the end of 2027. Strategic Director Dylan LeClair announced that a special shareholders' meeting passed several equity-related proposals to support this acquisition strategy. The company plans to expand the issuance capacity of its Class A and B shares, introduce a floating interest rate and quarterly dividend mechanism, and set a 130% issuer call option and a put option for Class B preferred shares if an IPO does not occur. Additionally, the board approved the issuance of Class B shares to overseas institutional investors.
Metaplanet Aims to Hold 210,000 Bitcoins by 2027
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
