Metaplanet Raises $135M for Bitcoin as Saylor Says “We Can Survive 80% Crash”

Tokyo-listed Metaplanet has approved a $135 million perpetual preferred share offering to fund Bitcoin acquisitions, while Strategy founder Michael Saylor defended corporate treasury strategies amid mounting market volatility. The Japanese firm’s Class B preferred shares carry a 4.9% fixed dividend and a ¥1,000 conversion price, as Asia’s largest Bitcoin treasury company doubles down on digital asset accumulation despite trading below the value of its crypto holdings. Metaplanet’s board resolved on Novem ...