Tokyo-based investment company Metaplanet (3350) has revealed two major strategic initiatives aimed at elaborating its integration of Bitcoin
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The messages came when the company released strong results in 2nd quarter ($ 8.4 million) and net income fluctuating to a 11.1 billion yen (75.1 million dollars) Profit from a loss of 5.0 billion last year.
Metaplan’s head of Bitcoin strategy Dylan Leclair announced the launch of “Metaplanet Prefs” (Mstr) Preferred shares.
As Japan’s largest publicly traded Bitcoin holder, Metaplanet intends to set a new standard on the country’s permanent income market by introducing BTC-supported credit products through these preferred shares.
According to Metaplanet, the preferred shares will allow for the issuance of BTC-supported instruments across a wide range of credit profiles and maturity. The goal is to adapt and adapt to the domestic demand for fixed income, place Bitcoin as a credible form of security in Japan’s capital markets.
The second initiative involves building a bitcoin-supported interest rate baskets in the Japanese market for fixed income. This would create a framework for pricing of BTC-collateralized credit instruments that offer institutional investors a new way to get exposure to Bitcoin while generating predictable yields.
From mid -August, Metaplanet has 18,113 BTC worth approx. $ 1.85 billion, making it the sixth largest company bitcoin holder in the world. Metaplanet shares are down with approx. 50% from all -time heights, but remains 10% above the recent low.
Read more: Metaplanet increases Bitcoin reserves with $ 61m -purchase
