Japanese company Metaplanet plans to issue senior A-class preferred shares, MARS, to increase its Bitcoin holdings. This move mirrors the strategy used by STRC. Last month, Metaplanet announced the issuance of B-class perpetual preferred shares, MERCURY, raising approximately 150 billion yen ($1.5 billion) through 2.361 billion shares priced at 900 yen each.
Metaplanet to Issue MARS Preferred Shares to Boost Bitcoin Holdings
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