Japan’s evolving digital credit landscape is entering a pivotal phase as Metaplanet Bitcoin’s positioning gains momentum amid strategic stagnation among its major competitors.
Strategy confirms 12-month suspension of Japan expansion
in Bitcoin MENA 2025 meeting, michael saylorExecutive Committee Chairman strategyruled out the possibility of launching the company’s perpetual preferred stock product in Japan within the next year. 12 months. His clear stance means that one of the most influential players will be temporarily removed from the team. Japan’s digital credit market.
According to Saylor, strategy I have no plans to enter Japan within that 12 months. However, this decision effectively metaplanet We will spend a full year strengthening our presence in a market where only a few companies exist. Instruments that are loved forever Currently trading.
Japan is under self-restraint, strategy continues to expand its preferred stock lineup. The company already has four permanent priority products. US And we recently launched a euro-denominated version. Europe. For now, Japan remains a major outlier in global growth plans.
Metaplanet moves forward with Mercury and Mars
and strategy Step back, metaplanet We are promoting two new things. Credit products backed by Bitcoin named mercury and Mars. Japan’s perpetual priority segment is small and sluggish, with only five products listed. However, Metaplanet intends to reinvigorate this niche market by becoming the sixth and seventh publisher.
mercury It has a structure similar to Strategy’s STRK product. 4.9% Convertible yield in yen. This interest rate is nearly 10 times higher than the yield on most Japanese bank deposits today, highlighting its appeal in a low-yield environment.
Mercury products are currently in the pre-IPO stage and are aiming for an early listing. 2026. Additionally, its design reflects Strategy’s approach to high-yield Bitcoin credit, adjusting the structure to suit Japanese capital market conditions.
MarsIn contrast, follows a different model and mirrors Strategy’s STRC. Because it is considered in the short term, high yield bitcoin credit A vehicle for investors seeking income without long-term commitments. That said, both Mercury and Mars highlight Metaplanet’s ambition to lead the next cycle of credit innovation linked to Japanese cryptocurrencies.
Competing visions for the future of digital credit
Strategic differences go beyond product launches. sailor It has been suggested that approximately 12 companies around the world will eventually issue digital credits. but, Simon Gerovich disagrees, arguing that balance sheet strength is more important than simply the number of issuers.
Metaplanet’s Bitcoin efforts are therefore framed from a more conservative capital perspective, with the company prioritizing strong reserves and prudent leverage. Additionally, Metaplanet plans to focus on Japan first before selectively expanding its footprint to other regions. Asia.
Metaplanet will continue to focus on using Bitcoin collateralized debt As part of this strategy. in novemberthe company drew $130 million bigger loan 500 million dollars credit system. This capital structure supports continued acquisition and holding of BTC.
Metaplanet’s Bitcoin status and market background
As of the latest update, metaplanet hold 30,823BTC worth about $2.7 billionthe average acquisition cost is $108,070 per coin. However, with Bitcoin trading below that level, the company will face a rough patch. $636 million With unrealized losses.
release of Mars coincides with the downturn in Corporate Bitcoin Financial Trends. data from Defilama This shows that inflows into such government bonds are decreasing. $1.32 billion Lowest reading in November 2025. This economic downturn has put pressure on public companies related to their Bitcoin exposure.
Strategy’s stock price has fallen even more. 35%meanwhile metaplanet Stock prices are already down 20% Because Bitcoin has almost fallen twenty five% From October highs. Moreover, the revision frames Japan’s digital credit efforts as one of the few constructive narratives in an otherwise cautious market.
and Bitcoin trade nearby $90,000Japan’s efforts in structured credit linked to cryptocurrencies have emerged as an important factor shaping sentiment. But whether this trend persists will depend on how investors react to Mercury, Mars, and other permanent preferreds that Japan may see in the coming quarters.
Frequently asked questions about strategies, metaplanet and Bitcoin
What exactly does a strategy do?
Strategy invests in Bitcoin and provides software and analytics solutions to businesses around the world. The company’s balance sheet strategy has attracted global attention due to its large BTC holdings.
How much Bitcoin does Strategy own?Strategy is still ongoing 650,000BTCmaking it one of the world’s largest corporate Bitcoin holders. That said, the company continues to adjust its capital market activities in response to regional opportunities.
How much BTC does Metaplanet have?
Owned by Metaplanet 30,823BTCis worth about $2.7 billionthe average purchase price is $108,070 per coin. In addition, this huge treasury supports the company’s Mercury and Mars offerings in Japan’s emerging cryptocurrency credit space.
In summary, Strategy’s decision to postpone its entry into Japan gives Metaplanet a valuable opportunity to shape Japan’s digital credit market, and Mercury and Mars are poised to become key instruments in this new phase of Bitcoin-linked finance.
