Metaplanet of the investment firm based in Tokyo Metaplanet (3350) He has presented two main strategic initiatives aimed at deepening his integration of Bitcoin
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The ads occurred when the company registered strong results of the second quarter, with income that rises 41% quarter to quarter to 1,239 billion yen ($ 8.4 million) and the net income that sways 11.1 billion yen ($ 75.1 million) It benefits from a loss of 5.0 billion last year.
The Bitcoin Strategy Chief of Metaplenet, Dylan Leclair, announced the launch of “Metaplanet Prefs”, an instrument of perpetual preferred equity designed to climb the Bitcoin Treasury operations of the company similar to the strategy (Mstr) preferred actions.
As the largest Bitcoin holder in Japan, Metaplenet intends to establish a new standard in the country’s fixed income market through the introduction of credit products backed by BTC through these preferred actions.
According to Metaplenet, preferred actions will allow the issuance of instruments supported by BTC in a wide range of credit profiles and maturities. The objective is to align and adapt to the national demand for fixed income, positioning Bitcoin as a credible guarantee form in the capital markets of Japan.
The second initiative implies building a performance curve backed by Bitcoin in the Japanese fixed income market. This would create a framework to set the price of BTC collateral credit instruments, offering institutional investors a new way of obtaining exposure to Bitcoin while predictable yields are generated.
In mid -August, Metaplenet has 18,113 BTC for a value of approximately $ 1.85 billion, which makes it the largest corporate headline in the world. Metaplenet shares have dropped approximately 50% from historical maximums, but remain 10% above recent minimums.
Read more: Metaplanet increases Bitcoin reserves with a purchase of $ 61 million
