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Home News Metaplanet plans to issue $150 million in Class B Perpetual Preferred Stock to further its Bitcoin holdings.

Metaplanet plans to issue $150 million in Class B Perpetual Preferred Stock to further its Bitcoin holdings.

Metaplanet plans to issue $150 million in Class B Perpetual Preferred Stock to further its Bitcoin holdings.

BlockBeats News, November 20, Japan’s Bitcoin custodian company DAT announced that Metaplanet plans to issue $150 million worth of Class B perpetual preferred stock, with a fixed dividend rate of 4.9%, a conversion price of 1000 yen, to be used to continue accumulating Bitcoin.

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