MetaPlanet Unveils MARS Strategy to Supercharge Bitcoin Buying Campaign
MetaPlanet introduced the MARS strategy, a new senior stock class designed to fund aggressive Bitcoin purchases despite current unrealized losses.Summary
MetaPlanet has unveiled its "MetaPlanet Acquisition and Reserve Strategy" (MARS), a new senior stock class intended to fund its ambitious Bitcoin buying campaign, as revealed by CEO Simon Gerovich. The MARS shares offer monthly dividends that fluctuate inversely with the stock price to stabilize returns, and holders receive preferential treatment in liquidation over common stockholders. This strategy is paired with a second tier, MERCURY shares, through which the company plans to raise approximately $150 million via a private placement targeting institutional investors. This move comes as MetaPlanet holds over 30,000 Bitcoin purchased at an average of $108,070, resulting in significant unrealized losses amid declining crypto prices. The MARS plan closely mirrors the successful preferred stock model utilized by MicroStrategy. Shareholders are set to vote on this new capital structure in December 2024. MetaPlanet aims to become one of the world's largest corporate Bitcoin holders, targeting 210,000 Bitcoin by 2027, viewing market downturns as accumulation opportunities.
(Source：Brave New Coin)