en.bitcoinsistemi.com
Japan-based crypto asset management firm Metaplanet announced that it will issue $150 million worth of Class B perpetual preferred shares to accelerate its Bitcoin accumulation strategy.
Metaplanet Issues $150 Million in Class B Preferred Stock to Continue Bitcoin Purchases
With this issuance, the company aims to strengthen its long-term capital structure and make regular Bitcoin purchases independent of market fluctuations.
The new Class B preferred shares will carry a fixed annual dividend rate of 4.9% and are convertible at a price of 1,000 yen. This will offer investors both a fixed income and a long-term transition to equity.
Metaplanet stated that all revenue generated will be used directly to purchase Bitcoin, emphasizing that the institution acts in line with its policy of seeing $BTC as a long-term reserve asset.
Starting in 2024, Metaplanet is pursuing an aggressive Bitcoin accumulation strategy and increasing the weight of $BTC on its balance sheet by adopting a Strategy-like corporate model. The company states that this move will strengthen both company value and shareholder confidence at a time when institutional investors are increasingly interested in crypto.
Industry analysts say a preferred stock issuance of this scale could mark a significant turning point for institutional Bitcoin investment in Japan. This new funding round for Metaplanet establishes the company as one of the leading institutions in Asia for strategic Bitcoin-focused growth.
It is not investment advice.