Bitcoin. Photo by BeInCrypto Metaplanet, a Tokyo-listed company focused on bitcoin treasury strategy, announced its new “Phase II” initiative, under which it will issue perpetual preferred shares to raise capital for further Bitcoin acquisitions. The mechanism is designed to reduce dilution of common stock while sustaining the firm’s aggressive accumulation pace. Phase II unveils new capital tool to boost Bitcoin exposure The company has already set an ambitious “555 Million Plan” that aims for 100,000 ...