Saylor Says MSTR Will Not Issue Preferred Equity In Japan, Giving Metaplanet A 12 Month Headstart

During the bitcoin MENA conference, Metaplanet CEO Simon Gerovich directly asked Michael Saylor, executive chairman of MSTR, about the possibility of listing a perpetual preferred equity in Japan. Saylor responded that MSTR has no plans to do so in the next twelve months, effectively giving Metaplanet a year-long head start. Metaplanet is preparing to launch two digital credit instruments, “Mercury” and “Mars,” in Japan’s relatively underdeveloped perpetual preferred market, aiming to become the sixth and seventh listed equities. Mercury offers a 4.9% yield in yen with convertibility, significantly higher than traditional Japanese bank deposits. While Strategy has expanded its perpetual preferred program, including a recent launch in Europe, Metaplanet will utilize a different mechanism, a moving strike warrant (MSW), due to Japanese regulations. The two leaders also differed on the ideal number of companies issuing digital credit, with Saylor advocating for broad participation and Gerovich prioritizing balance sheet strength and a regional focus.

(Source：CoinDesk)