Overview
- CEO Simon Gerovich confirmed the MARS vehicle at the Bitcoin for Corporations Symposium, with a shareholder vote planned later this month.
- MARS is a senior, non-convertible preferred share designed to raise capital without diluting common equity, mirroring structures used in the U.S.
- The dividend adjusts upward below par and downward above par to help stabilize the preferred’s price around its reference level.
- Metaplanet has not disclosed any Bitcoin purchases since September 29, when it bought 2,744 BTC, as coverage notes investors watching deployment plans and potential MSCI-related timing.
- The company pitches MARS as part of a broader effort to channel Japan’s cash savings into Bitcoin, citing a capital model it says can create roughly 20× purchasing power after reporting large 2025 equity raises.