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MetaPlanet plans to issue preferred shares to raise $136 million to increase its Bitcoin holdings.

【Coin World】MetaPlanet's latest move has attracted attention. The company announced an ambitious plan: to raise $136 million through the issuance of MERCURY Series B perpetual preferred shares.

The purpose of the funds is very clear—entirely used to increase holdings of Bitcoin. This operation of allocating digital assets through equity financing tools is quite representative in the current market environment. The introduction of financial instruments such as perpetual preferred shares also provides new funding solutions for enterprise-level buyers.

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TopBuyerBottomSellervip
· 6h ago
Ha, another company is all in on Bitcoin, and this time they’ve come up with something new. MetaPlanet's operation is indeed ruthless, exchanging permanent preferred shares for BTC, just lacking the guts to directly say "I want to bet on Bitcoin." $136 million, how much Tied Up do they have to endure to recoup investment... Permanent preferred shares? It sounds impressive, but it's actually just a new way of financing. From the looks of it, they really have high hopes for the future market, either too smart or too foolish. Wait, such a large-scale increase in holdings, could there be insider information?
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MysteriousZhangvip
· 6h ago
$136 million all in Bitcoin? This move is quite bold, and this financial play involving perpetual preferred shares is rather novel.
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MrDecodervip
· 6h ago
$136 million all in on Bitcoin, that takes some real guts. --- This permanent preferred stock strategy has a bit of a familiar taste. --- With both financing and increasing holdings, is MetaPlanet going all in on Bitcoin? --- I like this approach, but we need to bet on the right direction of Bitcoin. --- Corporate buyers play differently; we retail investors can't help but envy. --- Speaking of which, what if this round of financing ends up in Bitcoin and it falls? --- Equity financing allocating to digital assets is something you wouldn't even dare to think about in TradFi. --- MERCURY series? The name sounds so impressive, the results better live up to it.
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SerNgmivip
· 6h ago
Here comes another flashy financing method, to put it bluntly, it's just to buy the dip BTC.
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RadioShackKnightvip
· 6h ago
Another one trying to play Bitcoin with preferred shares, I am tired of this trap.
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