News Tokenomics

Metaplanet Pioneers Bitcoin Integration with Preferred Shares and Yield Curve Plan

by Crypto Hobby

Updated August 13, 2025

Metaplanet, a prominent Tokyo-based investment firm, is set to revolutionize Japan's fixed income market with the introduction of preferred shares and a novel Bitcoin-backed yield curve plan.

These strategic moves aim to bolster the company's Bitcoin treasury operations and establish Bitcoin as a recognized form of collateral within the Japanese capital markets.

The company recently announced strong second-quarter earnings, with revenue surging 41% quarter-over-quarter and a significant swing to profitability.

This financial success provides a strong foundation for Metaplanet's ambitious new initiatives.

Metaplanet Prefs: A New Era for Bitcoin Integration

Metaplanet is launching "Metaplanet Prefs," a perpetual preferred equity instrument designed to mirror the strategy employed by MicroStrategy (MSTR) with its preferred equities.

This innovative product is intended to scale the firm's Bitcoin treasury operations. As Japan's largest publicly traded Bitcoin holder, Metaplanet aims to set a new benchmark by enabling the issuance of Bitcoin-backed instruments across various credit profiles and maturities.

This initiative seeks to align with domestic fixed income demand, positioning Bitcoin as a credible collateral asset in Japan.

Building a Bitcoin-Backed Yield Curve

The second key initiative involves the development of a Bitcoin-backed yield curve within the Japanese fixed income market.

This framework will facilitate the pricing of BTC-collateralized credit instruments, offering institutional investors a novel avenue to gain exposure to Bitcoin while securing predictable yields. This move is expected to attract significant institutional interest and further integrate digital assets into traditional finance.

Key Takeaways

Metaplanet is launching preferred shares and a Bitcoin-backed yield curve plan.
The firm reported strong Q2 earnings with a 41% revenue increase and a return to profitability.
"Metaplanet Prefs" aims to scale Bitcoin treasury operations and establish BTC as collateral.
The yield curve plan will provide a framework for pricing BTC-collateralized credit instruments.
Metaplanet is the sixth-largest corporate Bitcoin holder globally, with 18,113 BTC.

As of mid-August, Metaplanet holds approximately 18,113 BTC, valued at around $1.85 billion, solidifying its position as the sixth-largest corporate Bitcoin holder worldwide.

While Metaplanet shares have experienced a dip from their all-time highs, they remain above recent lows, indicating resilience in the market.