Metaplanet go issue ¥555B preferred shares for Bitcoin
Metaplanet don file to issue ¥555 billion (US$3.73 billion) perpetual preferred shares to fund 210,000 BTC Bitcoin treasury by 2027. The shares go pay up to 6% fixed dividend, dem go need approval for one Extraordinary General Meeting. Right now, company get 17,132 BTC—pass Tesla and Galaxy Digital—and dem plan to make Bitcoin their main asset and inflation hedge. Metaplanet stock don jump 345% since start of year because of strong Bitcoin demand, but fear of share dilution make am drop 7% after announcement. The preferred shares dey give stable, non-dilutive financing but carry risk from Bitcoin price shakings, Japan regulator uncertainty, market liquidity for big holdings, plus ongoing dividend wahala. CEO Simon Gerovich talk say this strategy put company as corporate Bitcoin pioneer and e fit make more people accept am plus bring clear crypto regulations for Japan.
Bullish
Metaplanet plan say make dem buy as much as 210,000 BTC, wen dem go use stable perpetual preferred shares take pay am, dey show say institutional demand for Bitcoin strong well well. Dis one fit reduce as dem fit get and e fit push price go up short term as people dey collect more. For long term, if dem fit do wetin dem plan, e fit make other companies wan use Bitcoin join, wey go make demand and market stability strong pass. But price fit dey waka up and down, Japan regulatory wahala and liquidity matter for big holdings fit make small small selling pressure show. Overall, e make Bitcoin price look well well.