What to know : Norway’s sovereign wealth fund, which holds about 0.3% of Metaplanet, voted in favour of all five proposals ahead of the company’s Dec. 22 Extraordinary General Meeting, backing its Bitcoin treasury strategy. The proposals introduce perpetual preferred shares and expand capital flexibility to support non dilutive Bitcoin accumulation.
Norway’s Norges Bank Investment Management (NBIM) has endorsed Metaplanet's (3350) bitcoin focused strategy, voting in favour of all five management proposals ahead of the company’s Extraordinary General Meeting (EGM) on Dec. 22, according to a Bloomberg screenshot shared by Dylan LeClair, Metaplanet’s director of bitcoin strategy.
NBIM, which is one of the world's largest sovereign wealth funds, managing about $1.7 trillion in assets, reported that it held approximately 0.3% of Metaplanet as of June 30.
The five proposals approved by the fund are as follows:
- A reduction of capital stock and capital reserves, allowing funds to be transferred to surplus for dividends, share buybacks, or bitcoin acquisitions without changing the number of outstanding shares.
- An increase in authorized shares, including new preferred classes, to enable future capital raises to support bitcoin accumulation.
- The introduction of perpetual preferred Class A shares, known as MARS, which offer variable monthly dividends and ranks senior in the capital structure.
- The creation of perpetual preferred Class B shares, called MERCURY, featuring fixed quarterly dividends, conversion options, and cash redemption features. MetaPlanet are raising $150 million for third party allotment to institutional investors.
- Authorization to issue MERCURY shares to institutional investors to fund bitcoin purchases.
Metaplanet’s common shares have risen about 8% year-to-date and are trading just over 400 yen ($2.60).
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
