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Metaplanet buys brokerage for $13M to launch Bitcoin-backed preferred stock with monthly dividends

Crypto Briefing 2026-07-24 11:40:16
Context: Metaplanet has acquired Siiibo Securities for $13 million to launch a new financial product. The company plans to introduce Bitcoin-backed MARS preferred shares that will offer monthly dividends. This move allows Metaplanet to bypass the Tokyo Stock Exchange.

Key Facts

  • Metaplanet acquired Siiibo Securities for exactly $13 million to facilitate the launch of its new financial product.
  • The new financial product is called Bitcoin-backed MARS preferred shares, which are designed to offer monthly dividends to investors.
  • By acquiring Siiibo Securities, Metaplanet is able to bypass the traditional listing process on the Tokyo Stock Exchange.
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