MetaPlanet has announced its plan to allocate funds raised through the issuance of Class A preferred shares for purchasing more Bitcoin. This strategic move reflects a broader trend where companies are adopting Bitcoin as a treasury asset to mitigate inflation and currency risks. By using preferred shares, MetaPlanet can maximize Bitcoin accumulation through leverage without diluting equity, aligning with financing strategies observed across the crypto sector.
MetaPlanet issues preferred shares to boost Bitcoin holdings
