Metaplanet Aims to Channel Japan’s Fixed Income Market Into a Bitcoin Growth Engine
Main Idea
Metaplanet Inc., Japan's largest publicly traded bitcoin holder, plans to leverage Japan's fixed-income market to expand its bitcoin treasury strategy, aiming to accumulate 210,000 BTC by 2027 through perpetual preferred shares.
Key Points
1. Metaplanet Inc. holds 18,113 bitcoin and aims to increase this to 210,000 BTC by 2027.
2. The company plans to issue perpetual preferred shares (Prefs) to raise up to ¥555 billion ($3.9 billion) over two years for bitcoin acquisitions.
3. Metaplanet has already raised ¥242.4 billion ($1.7 billion) through equity sales this year, with proceeds used for bitcoin purchases.
4. The Prefs issuance is capped at 25% of bitcoin NAV as a safeguard, targeting Japan's $14.9 trillion fixed-income market.
5. Shareholder approval at a Sept. 1 EGM is required for the Prefs issuance plan.
Description
Metaplanet Inc., Japan’s largest publicly traded bitcoin holder, is setting its sights on the country’s vast fixed-income market to supercharge its BTC treasury strategy. The firm, which controls 18,113 bitcoin, unveiled plans to issue perpetual preferred shares (Prefs) to bankroll fresh acquisitions, with the bold goal of amassing 210,000 BTC by 2027. Metaplanet Targets 210,000
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