According to CoinDesk, Strategy (MSTR) Executive Chairperson Michael Saylor confirmed at the Bitcoin MENA conference that the company will not launch a perpetual preference share or "digital credit" product in Japan for the next 12 months, giving Metaplanet a 12-month market first-mover advantage.
Metaplanet plans to launch two new digital credit instruments, "Mercury" and "Mars", to benchmark Strategy's STRK and STRC products, respectively. Mercury will offer a 4.9% yen yield, which is about ten times the return on deposits in Japanese banks. Since Japan does not allow market sales (ATMs), Metaplanet will use a mobile call-over warrant (MSW) mechanism. Metaplanet CEO Simon Gerovich said he hopes to complete the listing of Mercury by early 2026.
Strategy will not issue permanent preference shares in Japan, Metaplanet gets 12-month first-mover advantage
2025-12-09 09:46:51
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