Bitcoin News Today: Metaplanet Launches BTC-Backed Preferred Shares to Fuel Bitcoin Growth

Generated by AI AgentCoin World
Wednesday, Aug 13, 2025 7:08 am ET1min read
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Aime RobotAime Summary

- Metaplanet launches BTC-backed preferred shares to fund Bitcoin purchases and develop a yield curve for Japanese institutional investors.

- The firm holds 18,113 BTC ($1.85B) and reported 41% Q2 revenue growth, leveraging its position as Japan’s largest public Bitcoin holder.

- By adopting MicroStrategy-like preferred equity financing, it aims to attract conservative investors seeking crypto-linked fixed-income returns.

- This initiative reflects growing institutional adoption of Bitcoin as a reserve asset, bridging digital and traditional markets through structured financial products.

Metaplanet, Japan’s largest publicly traded

bitcoin
holder, has announced the launch of perpetual preferred equity instruments known as “Metaplanet Prefs,” designed to fund further Bitcoin acquisitions and facilitate the issuance of BTC-backed credit products. The move aims to integrate Bitcoin into Japan’s fixed income markets, positioning the cryptocurrency as a legitimate form of collateral within traditional financial structures [1].

According to the firm, the preferred shares will enable a range of BTC-collateralized instruments across varying credit profiles and maturities. This strategy aligns with the broader objective of developing a bitcoin-backed yield curve tailored for Japanese institutional investors, which could serve as a framework for pricing such instruments and generating predictable yields [1].

The company, which reported a strong second-quarter performance with revenue rising 41% to ¥1.239 billion and net income turning positive at ¥11.1 billion, is leveraging these developments to strengthen its treasury operations and expand its Bitcoin balance sheet [1]. As of mid-August, Metaplanet holds 18,113 BTC, valued at approximately $1.85 billion, making it the sixth-largest corporate holder of Bitcoin globally.

By adopting a preferred equity financing model similar to that of MicroStrategy, Metaplanet aims to attract institutional capital seeking structured exposure to Bitcoin while benefiting from fixed-income-like returns. Preferred shares typically offer fixed dividends and have a higher claim in the event of liquidation than common equity, making them an attractive vehicle for conservative investors interested in crypto-linked yields [2].

This initiative reflects a broader trend in institutional crypto adoption, where Bitcoin is increasingly viewed as a strategic reserve asset. The introduction of BTC-backed yield instruments could help bridge the gap between digital assets and traditional markets, where Bitcoin has historically struggled to gain a foothold. By creating structured financial products, Metaplanet is attempting to align Bitcoin with the risk and return expectations of institutional investors.

The long-term success of this strategy will depend on regulatory acceptance, investor education, and the stability of Bitcoin’s value. While the firm’s shares have declined from all-time highs by approximately 50%, they remain 10% above recent lows, suggesting continued market confidence in the company’s strategic direction.

Analysts have noted that the use of preferred shares in this context demonstrates the evolving maturity of the crypto asset class, with firms increasingly adopting sophisticated financial engineering to unlock value from Bitcoin holdings. As Metaplanet progresses with its yield curve development, it may set a precedent for other firms to follow, further embedding Bitcoin within the fabric of global capital markets.

Source:

[1] title1 (https://www.coindesk.com/markets/2025/08/13/metaplanet-to-launch-preferred-shares-bitcoin-backed-yield-curve-plan)

[2] title2 (https://www.blockcholes.com/research/block-scholes-derivatives-insights)