Metaplanet President Simon Gerovich promised that to buy bitcoins the company will release Metaplanet Prefs shares, which are unlimited privileged papers. Two types of securities will be available to shareholders: class A with a fixed yield of 5%, similar to traditional bonds for conservative investors, and class B, which will be possible to convert into ordinary shares of the company.
The issue of new financial instruments will be limited by 25% of the net value of assets in bitcoins (NAV). This will protect assets from financial risks, including a drop in cryptocurrency price by 75%, the leadership said.
According to the president of Metaplanet, the new approach will allow you to accumulate a supply of coins at the level of 1% of the entire emission of bitcoin, and will also create a curve of profitability provided by BTC, attracting funds at low rates that are relevant for Japan – the lowest among the G7 countries.
Simon Gerovich said that over the past year, the company increased the share of bitcoin per share by 2274% and was able to get ahead of this indicator of the market leader, the American Strategy from its 86%. Metaplanet has every chance of becoming the largest supplier of bitcoin-integrated securities in Asia, the president emphasized.
Gerovich announcedthat Metaplanet has already increased its assets to 20,000 bitcoins, which led it to sixth place in size bitcoin balance among public BTC holders.
Earlier, the co -founder of Strategy, Michael Saylor (Michael Saylor) recommended crypto -investors not to miss the moment of falling Bitcoin market price and buy even more first cryptocurrency.
Source: Bits

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