- Metaplanet, a Japanese investment company, has launched two new classes of Bitcoin-backed preferred shares: MARS and MERCURY.
- The company aims to raise $150 million through the issuance of MERCURY shares.
- MARS shares feature adjustable monthly dividend rates based on share price, while MERCURY offers a fixed annual dividend rate of 4.9%.
- Metaplanet is now the third Bitcoin treasury company utilizing perpetual preferred stock structure globally.
- Recent developments also include the cancellation of previous securities series and plans for an extraordinary general meeting in December 2025.
Metaplanet Launches New Classes of Shares: MARS and MERCURY
In an innovative move within the cryptocurrency landscape, Metaplanet has introduced a dual-tier capital structure secured by Bitcoin. This initiative features two new classes of preferred shares: MARS and MERCURY. The strategic launch is designed to attract investors by offering unique investment opportunities anchored in digital currency.
A Strategic Move to Expand Investment Opportunities
Metaplanet’s introduction of these new financial instruments marks its position as a pioneering force in crypto-backed investments. With the aim to raise $150 million through MERCURY shares, Metaplanet aligns itself with major players such as Strategy (MSTR) and Strive (ASST), becoming one of the few companies worldwide adopting a perpetual preferred stock structure.
Diversified Investment with MARS and MERCURY Shares
The MARS (Metaplanet Adjustable Rate Security) shares are structured as senior, non-dilutable instruments offering variable monthly dividends. These dividends adjust according to market conditions—rising when share prices fall below par value and decreasing when they exceed it. This setup provides stability and income smoothing at the pinnacle of Metaplanet’s capital framework.
On the other hand, MERCURY shares offer a fixed annual dividend rate of 4.9% on a nominal value of 1000 yen. This class represents a hybrid model that combines fixed income benefits with asymmetric growth potential linked to Bitcoin’s performance.
Corporate Developments and Strategic Adjustments
Alongside launching these innovative financial products, Metaplanet has strategically canceled previously announced securities series 20-22. Additionally, an extraordinary general meeting is slated for December 22, 2025. During this assembly, shareholders will vote on critical changes to the capital structure, including increasing authorized share numbers to 3.83 billion.
Financial Strategy Amid Market Dynamics
As part of its broader financial strategy, Metaplanet recently announced a share buyback program aimed at enhancing mNAV (market Net Asset Value) and per-share earnings. CEO Simon Gerovich emphasized that this move seeks “to improve capital utilization efficiency.”
In November’s early days, Metaplanet secured a $100 million loan against its Bitcoin holdings—a strategic maneuver intended to stabilize amidst fluctuating premium rates on its stocks.
The recent decline in mNAV to 0.96 underscores market valuation challenges; however, it highlights opportunities for strategic growth given Metaplanet’s status as one of the largest holders of Bitcoin globally.
This innovative approach by Metaplanet not only bolsters its position within the cryptocurrency sector but also offers fresh avenues for investors looking for diversification anchored in digital assets’ potential growth trajectories.
