Strategy will not issue perpetual preferred shares in Japan within the next 12 months.
TL;DR
Strategy (MSTR) will not launch perpetual preferred shares or digital credit products in Japan for the next 12 months, giving Metaplanet a first-mover advantage. Metaplanet plans to introduce Mercury and Mars to compete with Strategy's offerings, with Mercury offering a high yen yield.
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According to Foresight News , citing CoinDesk, Strategy (MSTR) Executive Chairman Michael Saylor confirmed that no perpetual preferred shares or digital credit products will be launched in Japan within the next 12 months, giving Metaplanet, a Japanese Bitcoin Crypto Treasury (DAT) company, a 12-month market first-mover advantage. Metaplanet plans to launch two new digital credit instruments, Mercury and Mars, to compete with Strategy's STRK and STRC products, respectively. Mercury will offer a 4.9% yen yield, approximately ten times the yield of Japanese bank deposits.