Tokyo-based investment powerhouse Metaplanet is making waves in the cryptocurrency space with its latest announcements. On August 13, 2025, the company revealed two groundbreaking strategies designed to deepen its integration of Bitcoin—just as it reported a striking 41% rise in quarterly revenue to 1.239 billion yen ($8.4 million) and a turnaround to a 11.1 billion yen ($75.1 million) profit. These moves mark Metaplanet’s ambition to solidify its status as Japan’s largest publicly traded Bitcoin holder.
Pioneering BTC-Backed Preferred Shares
Metaplanet’s head of Bitcoin strategy, Dylan LeClair, unveiled “Metaplanet Prefs,” a perpetual preferred equity instrument that aims to transform the company’s Bitcoin treasury operations. The concept takes a leaf out of Strategy’s (MSTR) playbook, using preferred equities to enhance capital management. By launching these preferred shares, Metaplanet endeavors to establish a new paradigm in Japan’s fixed income market, introducing BTC-backed credit products that span a variety of credit profiles and maturities.
The initiative is bold, no doubt. LeClair notes, “We’re not just adapting to the market; we’re setting a new benchmark. Our preferred shares are designed to meet the evolving demands of Japan’s fixed income investors, positioning Bitcoin as a formidable form of collateral.”
But here’s the kicker: with Japan’s stringent regulatory environment, some analysts are cautiously optimistic. “If Metaplanet pulls this off, it could redefine how digital assets are perceived in traditional financial sectors here,” remarked Satoshi Watanabe, a Tokyo-based crypto analyst. This follows a pattern of institutional adoption, which we detailed in our analysis of corporate treasury investments.
Creating a Bitcoin-Backed Yield Curve
The second initiative takes things up a notch. Metaplanet is set to construct a Bitcoin-backed yield curve within Japan’s fixed income market. This framework aims to facilitate the pricing of BTC-collateralized credit instruments, offering institutional investors a fresh avenue to gain exposure to Bitcoin while generating predictable yields.
The proposal is ambitious and, dare we say, audacious. As it stands, Metaplanet holds 18,113 BTC—valued at approximately $1.85 billion—positioning it as the sixth-largest corporate Bitcoin holder globally. Despite its shares being down about 50% from all-time highs, they’re still 10% above recent lows, underscoring a resilient market presence. This development comes on the heels of Metaplanet’s recent decision to boost its Bitcoin reserves with a $61M purchase, as reported in Metaplanet Boosts Bitcoin Reserves With $61M Purchase.
“The creation of a Bitcoin-backed yield curve is an innovative step that could attract a new class of institutional investors into the crypto space,” noted Hiroshi Tanaka, an economist specializing in digital currencies. “However, the challenge lies in convincing traditional investors of Bitcoin’s viability as a stable collateral.”
A Glimpse Into the Future
Looking at the broader picture, Metaplanet’s initiatives could herald a seismic shift in how cryptocurrencies are integrated into traditional finance. They come at a time when regulatory landscapes across the globe are increasingly scrutinizing digital assets, raising questions about the sustainability of such bold moves.
Yet, the potential upside is hard to ignore. If successful, these strategies could pave the way for other corporations to follow suit, potentially ushering in a new era where digital assets and conventional finance coexist seamlessly. The stakes are high, but so are the potential rewards.
As Metaplanet continues to push boundaries, it leaves us pondering: Could this be the dawn of a new financial frontier where Bitcoin is not just an asset, but a cornerstone of global finance? Only time will tell, but one thing is clear—Metaplanet is betting big on Bitcoin’s role in the future of finance.
Source
This article is based on: Metaplanet to Launch Preferred Shares, Bitcoin-Backed Yield Curve Plan
Further Reading
Deepen your understanding with these related articles:
- Strategy, Trump Media Helped Absorb Galaxy’s $9 Billion Bitcoin Sale: Novogratz
- Bitcoin DeFi Project BOB Raises Another $9.5M to Build BTC DeFi Infrastructure
- Bitcoin-DeFi startup BOB tops up funding to $21M as Castle Island, Anchorage join
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
