Tokyo based investment firm Metaplanet (3350) Two major strategic initiatives aimed at deepening the integration of bitcoin
,
Announcements were made when the company posted a strong second quarter results, in which 41% of the revenue was climbed to 1.239 billion yen in the quarter-spectacle. ($ 8.4 million) And net income swings on 11.1 billion yen ($ 75.1 million) Benefits from loss of 5.0 billion last year.
Metaplanet’s major bitcoin strategy Dialon lakelair Announced the launch of “Metaplanet Prefs”, a permanent favorite equity instrument designed to score the company’s bitcoin treasury operations similar to the strategy (MSTR) Favorite equity.
As Japan’s largest publicly traded bitcoin holder, Metaplanet has intended to set up a new standard in the country’s fixed income market by introducing BTC-supported credit products through these favorite shares.
According to Metaplanet, the preferred share will allow the release of BTC-supported equipment in a wide range of credit profiles and maturity. The goal is to align and adapt with domestic fixed income demand with the status of bitcoin as a reliable form of collateral in Japan’s capital markets.
The second initiative includes the construction of bitcoin-supported yield curve in the Japanese fixed income market. This will create an outline for the pricing of BTC-Colateral Credit Instruments, which will provide institutional investors a new way to get exposed to bitcoin, while producing predicted yields.
By mid -August, Metaplanet has an 18,113 BTC value of about $ 1.85 billion, making it the sixth largest corporate bitcoin holder in the world. Metaplanet’s shares are about 50% below the high level of all time, but are 10% above the recent climb.
Read more: Metaplanet increases bitcoin reserves with $ 61m purchase
