Metaplanet, investment company based in Tokyo (3350) has unveiled two major strategic initiatives aimed at deepening its integration of bitcoin
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The announcements occurred while the company published solid results of the second quarter, with income climbing 41% in a quarter to 1.239 billion yen ($ 8.4 million) and a net income swinging on a yen of 11.1 billion yen ($ 75.1 million) Profit of a loss of 5.0 billion yen last year.
Metaplanet’s Bitcoin Bitcoin Strategy, Dylan Leclair, announced the launch of “Metaplanet Prefs”, an instrument for perpetual privileged action designed to evolve the Bitcoin treasure operations of the company similar to the strategy strategy (MSTR) favorite actions.
As the largest bitcoin holder colored in balance sheet, Metaplanet intends to set a new standard on the country’s fixed income market by introducing credit products supported by BTC through these privileged actions.
According to the Metaplanet, the privileged actions will allow the issue of instruments supported by BTC on a wide range of credit and maturity profiles. The objective is to line up and adapt to the domestic demand for fixed income securities, to position Bitcoin as a credible form of guarantee markets in Japan.
The second initiative is to build a return curve supported by Bitcoin on the Japanese fixed income market. This would create a framework for the pricing of collected credit instruments in BTC, offering institutional investors a new way of exposure to bitcoin while generating predictable yields.
In mid-August, Metaplanet holds 18,11.113 BTC worth around $ 1.85 billion, making it the sixth largest business bitcoin holder in the world. Metaplanet’s shares are down approximately 50% compared to the summits of all time, but remain 10% above recent stockings.
Read more: Metaplanet stimulates Bitcoin reserves with a purchase of $ 61 million
