Metaplanet to Issue $150 Million Preferred Shares

Metaplanet, a Japanese listed firm, announced a $150 million issuance of Class B perpetual preferred shares, “MERCURY,” with a 4.9% annual dividend to fund Bitcoin acquisitions.

This strategic move bolsters Metaplanet’s Bitcoin holdings amid prevailing market interest, potentially influencing corporate treasury practices and fixed income markets in Japan.

Metaplanet’s $150M Share Issuance for Bitcoin Expansion

Metaplanet, a Japanese listed company, announced on November 20 its decision to issue $150 million in Class B perpetual preferred shares, labeled “MERCURY,” with proceeds allocated to Bitcoin acquisition. The share issuance aims to bolster Metaplanet’s Bitcoin reserves, signaling a strategic commitment to digital assets. The company’s expansion plan mirrors similar strategies employed by firms seeking to strengthen corporate treasuries through preferred equity.

Metaplanet plans to issue $150 million in Class B perpetual preferred shares, “MERCURY.” These shares offer a fixed annual dividend of 4.9% and a conversion price of 1,000 yen. Simon Gerovich, Metaplanet’s President, emphasized these measures safeguard shareholder value against potential market volatility. Gerovich stated,

“Metaplanet shareholders have approved all 3 resolutions at today’s EGM: Increase in total authorized shares, virtual shareholder meetings, and new provisions for perpetual preferred shares.”

This move reflects a growing trend of utilizing digital currency reserves over traditional financial instruments. Metaplanet now seeks to expand its treasury to over 210,000 BTC by 2027, with the Class B issuance being a significant step in this direction. This also showcases Japan’s increasing interest in digital financial products.

Japan’s Rising Interest in BTC-Backed Financial Products

Did you know? MicroStrategy’s similar strategy amassed over 500,000 BTC through equity and debt, setting a precedent in corporate Bitcoin acquisition.

As of November 20, 2025, Bitcoin is priced at $91,605.71, with a market cap of $1.83 trillion and a 24-hour trading volume of $81.12 billion, according to CoinMarketCap. The price has seen a slight increase of 0.10% over 24 hours but experienced a decline of over 11% in the last 7 days. The market dominance remains significant at 58.66%, reflecting its potential impact on corporate financial strategies.

Coincu research suggests Metaplanet’s approach could influence financial and regulatory landscapes, encouraging similar models. Japan may witness an uptick in innovative BTC-backed financial instruments, aligning with global trends toward decentralized financial assets.