Metaplanet Unlocks Global Capital with Dividend-Paying Bitcoin Shares
Forget gold—a Japanese firm is betting the future of corporate finance lives on the blockchain.
The Bitcoin Equity Play
Metaplanet isn't just holding Bitcoin on its balance sheet. It's packaging it into a tradable security designed to pay dividends, directly linking shareholder returns to crypto's volatile performance. This move bypasses traditional equity structures and taps directly into the trillion-dollar digital asset market.
Global Doors Swing Open
The strategy targets international investors locked out of direct crypto markets or wary of custody risks. By offering a regulated share, Metaplanet provides a clean, familiar conduit for institutional capital to flow into Bitcoin—without the technical headaches. It's a bridge between old-world finance and the new digital frontier.
A Cynical Take
Because nothing says "stable investment" like tying your corporate dividends to the asset that can swing 20% before lunch. Wall Street's old guard must be clutching their pearls.
The bottom line? Metaplanet isn't just adopting Bitcoin; it's financializing it. If this model gains traction, it could rewrite the corporate capital playbook, proving digital assets are more than a speculative bet—they're a foundational tool for global fundraising.
Metaplanet will introduce the Metaplanet Adjustable Rate Security structure
With the new approvals, Metaplanet is shifting its focus from pure dilution-based growth to a conventional market framework that integrates income-producing securities with a Bitcoin-oriented balance sheet. Its preferred equity will now allow institutions to gain exposure to bitcoin holdings similar to how institutions operate.
The Class A preferred shares amendment, meanwhile, creates a monthly floating-rate dividend structure — the “Metaplanet Adjustable Rate Security” — which ensures steady income designed to meet institutional needs.
Moreover, Class B preferred shares will now carry quarterly dividends, a 10-year call at 130% of face value, and an investor put option if the company fails to go public within 12 months. That means the firm will repurchase shares at a premium after 10 years, while investors have the right to exit if no IPO takes place within a year.
Such provisions are common in private credit and structured equity markets, protecting long-term capital.
The proposal also allows for the issuance of Class B preferred shares to foreign investors. By catering to international institutional investors, the company will enable access to Bitcoin exposure without the need to hold spot BTC or volatile equity.
Metaplanet is expanding to the US market, following the establishment of its Miami subsidiary
Metaplanet ranks as one of the most closely followed Bitcoin-focused public companies in Asia and is frequently compared with U.S. corporate Bitcoin treasury approaches, even under Japan’s regulations. Primarily, the firm’s model highlights how non-U.S. businesses adjust Bitcoin strategies to fit local regulations while attracting global investors.
The company even stated on Friday that it will start trading in the U.S. over-the-counter market using American Depositary Receipts (ADRs), following the creation of its Miami subsidiary earlier this year.
Managed by Simon Gerovich, Dylan LeClair, and Darren Winia, the unit specializes in Bitcoin income and derivatives trading, structurally separating revenue-generating activities from the company’s primary BTC assets.
The firm had budgeted about $15 million for its initial development. Around the same time, the company also established a unit in Japan, Bitcoin Japan Inc., to boost its domestic Bitcoin operations. The site manages media, including Bitcoin Magazine, events, and the recently acquired Bitcoin.jp domain.
Currently, the firm’s Bitcoin stash stands at 30,823 BTC, worth approximately $2.75 billion, making it Asia’s largest corporate holder and the fourth-largest worldwide, according to Bitcoin Treasuries.
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