The company said income from its Bitcoin revenue business has established a funding base for dividends on the perpetual preferred stock held by institutional shareholders.
MetaPlanet MPJPY has allocated $5.41 million from surplus capital to pay dividends on its MERCURY perpetual preferred stock to institutional shareholders. The company said its Bitcoin revenue business has built a revenue base capable of funding those preferred-share dividends, signaling that income linked to its Bitcoin operations is being used to support shareholder payouts.