Metaplanet delays preferred stock listing plan due to issues with the Japanese market structure

Golden Finance reports that on May 14th, Metaplanet CEO Simon Gerovich stated that due to the immature Japanese preferred stock market and restrictions from exchange rules, the company has delayed its planned listing of Mars and Mercury preferred stocks. He said that Japanese exchanges require preferred stock dividends to be supported by sustainable, recurring cash flows, and Metaplanet still needs to demonstrate that its Bitcoin revenue business can generate stable returns across different market environments.
In addition, the company plans to pay dividends monthly, but the Japanese market typically pays annually or semi-annually, and related infrastructure is still being developed. Metaplanet currently holds 40,177 BTC, and its stock price has fallen 25% since the beginning of the year.

BTC-1.52%
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