Metaplanet CEO explains why preferred share launch is taking time
The post Metaplanet CEO explains why preferred share launch is taking time appeared on BitcoinEthereumNews.com. Metaplanet CEO Simon Gerovich said the company is still working through the path to list its planned preferred shares in Japan. Summary Metaplanet says its preferred shares would become Japan’s first listed perpetual preferred product if approved. The company must prove dividend capacity from Bitcoin income across several market conditions before listing. Metaplanet’s yen-based Bitcoin strategy has drawn attention as treasury models face pressure. He said the product would be only the seventh listed preferred share in Japan and the first listed perpetual preferred if approved. Gerovich said the review is taking longer because Japan’s preferred share market is small and cautious. He described the planned product as a possible addition to Japan’s capital markets, but said the process must remain careful due to the structure’s novelty. Dividend capacity remains under review Ger