On December 9, Strategy (MSTR) Executive Chairman Michael Saylor confirmed that there will be no launch of perpetual preferred shares or “digital credit” products in Japan within the next 12 months, giving Japanese Bitcoin crypto treasury (DAT) company 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. Mercury will offer a 4.9% yield in Japanese yen, about ten times the yield of bank deposits in Japan.
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Strategy will not launch perpetual preferred shares or "digital credit" products in Japan in the next 12 months.
On December 9, Strategy (MSTR) Executive Chairman Michael Saylor confirmed that there will be no launch of perpetual preferred shares or “digital credit” products in Japan within the next 12 months, giving Japanese Bitcoin crypto treasury (DAT) company 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. Mercury will offer a 4.9% yield in Japanese yen, about ten times the yield of bank deposits in Japan.