Metaplanet Stock Rises amid MARS Preferred Shares Offering, Shares Acquisitions

Key Insights:

• Metaplanet stock jumped 3.31% higher at 406 JPY on Monday.
• Metaplanet CEO Simon Gerovich revealed upcoming MARS preferred shares offering.
• The firm completes acquisition and cancellation of its 20th to 22nd series stock acquisition rights.
• Bitcoin price fluctuates under $91K as the FOMC Meeting approaches.

Bitcoin treasury company Metaplanet stock jumped more than 3% on Monday amid significant developments. It comes as the company announced MARS preferred shares offering, similar to MicroStrategy, to buy more Bitcoin.

This sparked increased investor interest and a notable trading surge in BTC price as the treasury firm plans to begin buying 70,000 Bitcoin next year.

Metaplanet Stock Rises as CEO Unveils MARS Preferred Shares Offering

During a fireside chat between Strategy (Nasdaq: MSTR) chairman Michael Saylor at Bitcoin MENA conference, Metaplanet CEO Simon Gerovich revealed an upcoming MARS preferred shares offering.

Metaplanet will issue the MARS Class A preferred shares like Strategy’s STRC to buy more Bitcoin. These are monthly adjustable dividend preferred shares designed to provide investors with low volatility dividend income.

This comes as the company plans to reach 100,000 BTC in total holdings as part of its 2026 Bitcoin acquisition target.

On Monday, Metaplanet stock price closed 3.31% higher at 406 JPY. The 24-hour low and high were 384JPY and 406 JPY, respectively.

The recent rebound in Bitcoin price has supported a rebound in the stock. However, the stock was still down 70% over the previous six months at the time of writing.

Meanwhile, MTPLF stock closed 3.57%% lower at $2.43 on Friday. The stock also looks to rebound, tracking the performance of Japan-listed stock.

This happened despite Metaplanet revealing that it has raised $50 million in new funding by leveraging its existing Bitcoin holdings as collateral.

Metaplanet Completes Stock Acquisition Rights

Metaplanet also announced today that it has completed the acquisition and cancellation of its 20th to 22nd series stock acquisition rights, according to a press release.

The firm also completed issuing new 23rd and 24th series stock acquisition rights through allotment to EVO FUND. This move is part of a refinancing strategy, with a total payment of 38,850,000 JPY.

Investors are closely monitoring the Bitcoin treasury firm’s next steps and the potential impact of its expanded capital base.

Bitcoin Price Wavers Under $92K

BTC price was trading 3% higher over the past 24 hours following the latest rebound. At the time of writing, the price of Bitcoin was trading at $91,653.

Meanwhile, the surge in Bitcoin price might also have helped Metaplanet stock to rise today.

The 24-hour low and high were $87,799 and $92,267, respectively. Furthermore, trading volume increased by 66% over the last 24 hours ahead of the FOMC Meeting.

The derivatives market showed mixed sentiment over the last few hours, according to CoinGlass data.

At the time of writing, the total BTC futures open interest fell 0.97% to $58.06 billion in the past 4 hours.

The 24-hour BTC futures open interest was up more than 3%. Notably, futures open interest on CME climbed by 2.90% and 2% on Binance.

The post Metaplanet Stock Rises amid MARS Preferred Shares Offering, Shares Acquisitions appeared first on The Coin Republic.