Metaplanet Delays Preferred Stock Listing Due to Japanese Market Structure Issues

On May 14, Metaplanet CEO Simon Gerovich announced that the company has postponed its plans to list Mars and Mercury preferred stocks due to the underdeveloped nature of the Japanese preferred stock market and restrictions imposed by exchange rules. He stated that Japanese exchanges require preferred stock dividends to be supported by sustainable and recurring cash flows, while Metaplanet still needs to demonstrate that its Bitcoin revenue business can generate stable returns under different market conditions. Additionally, the company plans to pay dividends monthly, but the Japanese market typically operates on an annual or semi-annual dividend schedule, and the necessary infrastructure is still being developed. Metaplanet currently holds 40,177 BTC, and its stock price has dropped 25% year-to-date.

BTC-2.01%
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