METAPLANET DEFENDS PREFERRED STOCK STRATEGY AS INTEREST IN ‘MICROSTRATEGY-STYLE’ PLAYS FADES
https://s.yimg.com/ny/api/res/1.2/C7s2It.sm.bq6KlZ7zvlYg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/beincrypto_us_662/03163d140ad67cd5964dfd3a45ad5d0a
✍️ Metaplanet President Simon Gerovich defends the company's shift towards issuing preferred shares, citing a capital optimization phase to boost Bitcoin holdings per share without diluting common shareholders.
👉 Metaplanet is shifting towards issuing preferred shares to optimize capital and boost Bitcoin holdings per share 👉 Preferred shares allow the company to raise capital at a fixed dividend rate, unlike equity raises which dilute common shareholders 👉 Metaplanet remains debt-free and has a healthy financial base in Japan 👉 The company plans to introduce Bitcoin-backed yield instruments into Japan's credit markets
-- #SimonGerovich #AdamLivingston #ABKuaiDong #LavanPathmanathan #Japan #business
Loading quoted post…
