Japan
CoinPost
Metaplanet to Invest in Preferred Securities of Bitcoin-Holding Companies | Introduces New Spread-Capture Strategy
- Metaplanet will fund purchases of Bitcoin treasury companies' preferred securities using non-dilutive capital (BitBonds, BTC-collateralized loans, perpetual preferred stock) to earn a yield spread, within a 10-15% strategic investment allocation of total assets.
- The revised capital allocation policy sets spot Bitcoin at roughly 85-90% of total assets as the core holding, with the strategic allocation split among fintech-platform M&A, stable-income asset investments, and asset management business funding.
- In Q3 (Jul-Sep), Metaplanet sold 10,000 BTC and bought 11,000 BTC (net +1,000 BTC), reaching 44,000 BTC held as of September 30; CEO Simon Gerovich said the sale demonstrates the company's ability and willingness to convert Bitcoin to cash to service debt, relevant to its pursuit of a credit rating.