Metaplanet delays preferred stock listing due to Japan's market structure issues

Odaily Planet Daily News: Metaplanet, Japan's largest corporate Bitcoin holder, has postponed its preferred stock listing plan. CEO Simon Gerovich stated that the underdeveloped preferred stock market in Japan, regulatory rules requiring preferred dividends to be supported by sustainable cash flow, and the company's plan to pay dividends monthly—far more frequent than the usual one or two times per year in Japan—are the main reasons for the delay. The planned instrument will be Japan's seventh listed preferred stock and its first perpetual preferred stock. Metaplanet previously announced the launch of two types of listed preferred stock, Mars and Mercury.