Strategy will not issue perpetual preferred shares in Japan, Metaplanet has a 12-month first-mover advantage

ChainCatcher news, according to CoinDesk, Strategy (MSTR) Executive Chairman Michael Saylor confirmed at the Bitcoin MENA conference that the company will not launch perpetual preferred shares or "digital credit" products in Japan within the next 12 months, giving Metaplanet a 12-month first-mover advantage in the market. Metaplanet plans to launch two new digital credit instruments, "Mercury" and "Mars", which are benchmarked against Strategy's STRK and STRC products respectively.

Among them, Mercury will offer a 4.9% yield in Japanese yen, about ten times the yield of bank deposits in Japan. Since Japan does not allow market sales (ATM), Metaplanet will adopt a Mobile Settlement Warrant (MSW) mechanism. Metaplanet CEO Simon Gerovich stated that he hopes to complete the listing of Mercury before early 2026.