Metaplanet to Issue $150 Million Preferred Shares
The post Metaplanet to Issue $150 Million Preferred Shares appeared on BitcoinEthereumNews.com. Key Points: Metaplanet’s $150M share issuance targets Bitcoin acquisition. Japan shows rising interest in BTC-backed financial products. Historical precedents are influencing corporate strategies globally. Metaplanet, a Japanese listed firm, announced a $150 million issuance of Class B perpetual preferred shares, “MERCURY,” with a 4.9% annual dividend to fund Bitcoin acquisitions. This strategic move bolsters Metaplanet’s Bitcoin holdings amid prevailing market interest, potentially influencing corporate treasury practices and fixed income markets in Japan. Metaplanet’s $150M Share Issuance for Bitcoin Expansion Metaplanet, a Japanese listed company, announced on November 20 its decision to issue $150 million in Class B perpetual preferred shares, labeled “MERCURY,” with proceeds allocated to Bitcoin acquisition. The share issuance aims to bolster Metaplanet’s Bitcoin reserves, signaling a strategic commitment to digital assets. The company’s expansion plan mirrors similar strategies employed by firms seeking to strengthen corporate treasuries through preferred equity. Metaplanet plans to issue $150 million in Class B perpetual preferred shares, “MERCURY.” These shares offer a fixed annual dividend of 4.9% and a conversion price of 1,000 yen. Simon Gerovich, Metaplanet’s President, emphasized these measures safeguard shareholder value against potential market volatility. Gerovich stated, “Metaplanet shareholders have approved all 3 resolutions at today’s EGM: Increase in total authorized shares, virtual shareholder meetings, and new provisions for perpetual preferred shares.” This move reflects a growing trend of utilizing digital currency reserves over traditional financial instruments. Metaplanet now seeks to expand its treasury to over 210,000 BTC by 2027, with the Class B issuance being a significant step in this direction. This also showcases Japan’s increasing interest in digital financial products. Japan’s Rising Interest in BTC-Backed Financial Products Did you know? MicroStrategy’s similar strategy amassed over 500,000 BTC through equity and debt, setting a precedent in corporate Bitcoin acquisition. As of November 20, 2025, Bitcoin is priced at $91,605.71,…