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.
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.
Metaplanet's Strategic Bitcoin Accumulation
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.
Market Impact and Future Outlook
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.