Metaplanet Exec: Free Trading of Bitcoin-Backed Preferred Shares in Japan Would Be Positive for Crypto Market
Shinpei Okuno, Head of Capital Strategy at Metaplanet, highlighted the untapped potential of preferred shares in the Japanese capital market on the X platform. He pointed out that there are currently very few publicly listed preferred shares in Japan, referencing only companies like Ito En, SoftBank, and Infronia. Okuno emphasized that a preferred share strategy, particularly those backed by Bitcoin such as Strategy’s STRF, STRK, and STRD products, could attract a broad range of investors by offering Bitcoin-supported financial instruments. He stated that if these preferred shares were allowed to freely trade on Japanese capital markets, it would be a significant positive development, considering the opportunity to build fixed-dividend products backed by Bitcoin. This approach could set a new trend for companies employing Bitcoin treasury strategies, drawing additional capital flows into the crypto ecosystem and Japan’s stock market. This news is noteworthy for crypto traders, especially those following Bitcoin-related equity products and regulatory developments in Japan.
Bullish
The prospect of freely tradable, Bitcoin-backed preferred shares in Japan suggests increased integration of digital assets into traditional finance. This could lead to wider adoption of Bitcoin treasury strategies by public companies, boost investor confidence, and attract both institutional and retail capital to crypto-linked equity markets. Past events, such as the approval of Bitcoin ETFs or listing of crypto-focused financial instruments, have often triggered positive market responses, particularly in the short term. In the long term, broader access to regulated Bitcoin-linked products can foster sustained capital inflows and market maturity. Therefore, this development is seen as bullish for both Bitcoin and the overall crypto sector, reinforcing Japan’s growing role in global crypto innovation.