Metaplanet's New Venture: Bitcoin-Backed Shares and Yield Curve Creation
Finance/Markets

Metaplanet's New Venture: Bitcoin-Backed Shares and Yield Curve Creation

Japan's largest bitcoin holder aims to enhance treasury operations and integrate Bitcoin into fixed income markets with new preferred shares.

Tokyo-based investment firm Metaplanet has announced two key strategies to deepen its bitcoin integration. This comes after the company reported strong Q2 results, with revenue increasing by 41% to 1.239 billion yen ($8.4 million).

What You Should Know:

  • The new preferred equity instrument, “Metaplanet Prefs,” will facilitate BTC acquisitions and permit the issuance of BTC-backed credit products.
  • The company plans to create a bitcoin-backed yield curve for the Japanese market, enabling the pricing of BTC-collateralized instruments for local institutional investors.

As Japan’s largest public bitcoin holder, Metaplanet aims to introduce new standards in the country’s fixed income sector with these preferred shares. They will allow for the issuance of BTC-backed instruments tailored to various credit profiles and maturities, facilitating Bitcoin’s acceptance in Japan’s capital markets.

By mid-August, Metaplanet held 18,113 BTC valued at approximately $1.85 billion, making it the sixth-largest corporate bitcoin holder globally.

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