Exchanges· ★★★· neutral·

Metaplanet to invest in other firms' bitcoin preferred stock

  • —Investments target preferred securities of BTC-holding companies
  • —Strategy's STRC pays 12% annually, Strive's SATA pays 13%
  • —Metaplanet's own BitBonds carry a 4.0–4.3% coupon
  • —Caps set on exposure to any single issuer and on related borrowing
Why it matters: Metaplanet is turning its bitcoin treasury into a preferred-stock carry trade, adding credit and liquidity risk to its balance sheet.
#BTC
Source: CoinDesk Japan
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