Metaplanet CEO Simon Gerovich rejected claims the company concealed details of its Bitcoin trades, emphasizing timely reporting and strategic rationale for options and borrowing activities.
Strategy’s growing reliance on perpetual preferred equity has reduced refinancing risk as it overtakes the firm’s outstanding convertible debt.
Strive plans to raise up to $150 million through a preferred stock offering to pay down debt and potentially increase its Bitcoin exposure.
Michael Saylor said Strategy has no plans to issue perpetual preferred equity in Japan over the next year, giving Metaplanet time to advance its own digital credit offerings.