🇯🇵 Bitcoin Samurai Wields Perpetual Prefs to Conquer Crypto Mountains! 🗡️💰

Ah, the land of the rising sun, where cherry blossoms whisper secrets of financial alchemy and Metaplanet Inc., that audacious samurai of the stock market, brandishes its katana of 18,113 bitcoins! 🗾✨ Now, with a cunning glint in its corporate eye, it sets its sights on Japan’s fixed-income market, a treasure trove of yen waiting to be transmuted into digital gold. The goal? A staggering 210,000 BTC by 2027-a feat so bold, it makes even the Nose’s antics in *The Overcoat* seem mundane! 🤯💸

This year alone, Metaplanet has conjured ¥242.4 billion ($1.7 billion) from the ether of equity sales, funneling it into bitcoin buys with the fervor of a bureaucrat chasing a promotion. 🤑 The result? A 468% surge in bitcoin holdings per diluted share since January 2025-a miracle, or perhaps the work of a mischievous domovoi? 🤔 Now, the company beckons shareholders to an EGM on Sept. 1, pleading for approval to spawn new common and perpetual preferred shares, those elusive “Metaplanet Prefs.” If granted, up to ¥555 billion ($3.9 billion) will flow like sake at a wedding, all to fuel this bitcoin bonanza. 🍶🚀

“Permanent capital without the refinancing headaches!” the company proclaims, as if debt were a pesky bureaucrat demanding endless paperwork. 📜 “Japan’s multi-trillion-dollar fixed income market shall be our rocket fuel!” they declare, dreaming of crafting the nation’s first bitcoin-backed yield curve. Ah, the folly of ambition-or is it genius? 🤹‍♂️

Behold, the slide presentation-a map to untold riches, or a mere mirage? 🗺️💭

Most of the Prefs’ proceeds will be hurled into the bitcoin abyss, a gamble on the gap between its long-term appreciation and the dividend rates. “Flexibly adjusted dividends!” they chirp, as if interest rates were a ballet dancer pirouetting to their tune. 🩰 But beware, dear shareholders, for the price of bitcoin is as fickle as Chichikov’s conscience! ⚖️

Metaplanet, with its $14.9 trillion household wealth and historically low sovereign yields, believes it holds the key to reshaping Japan’s capital markets. Yet, like Akaky Akakievich’s overcoat, this plan could vanish in the blink of an eye, should shareholders balk or markets turn sour. 🧥💨

And so, the tale of Metaplanet unfolds-a comedy of ambition, a tragedy of risk, and a farce of financial wizardry. Will it conquer the crypto mountains, or will it vanish like a ghost in a Gogol novella? Only time, and perhaps a mischievous domovoi, will tell. 👻⏳

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2025-08-14 00:07