Metaplanet to Launch Japan's First Bitcoin Perpetual Preferred Shares
- Innovative Financial Instrument: Metaplanet plans to issue Japan's first Bitcoin perpetual preferred shares, a new equity instrument linking shareholder returns directly to the company's Bitcoin treasury, marking a significant shift in Japan's capital markets towards cryptocurrency.
- Investor Advantages: This preferred share structure offers investors a regulated means of Bitcoin exposure, mitigating the risks associated with direct token ownership, particularly beneficial for institutional buyers in Japan where crypto custody options are limited.
- Optimized Capital Structure: By issuing perpetual preferred shares, Metaplanet can raise capital without diluting common equity, while avoiding maturity pressures, aligning well with its strategy of holding Bitcoin indefinitely.
- Market Potential: If successful, this offering could provide a template for other publicly traded companies in Japan to raise capital through similar instruments, potentially attracting more investor interest in crypto-linked financial products.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 74547.711 | 76651.181 | 78643.061 | 80746.531 | 82738.411 | 84841.881 | 86833.761 |
| Fibonacci | 76651.181 | 78215.604 | 79182.107 | 80746.531 | 82310.954 | 83277.457 | 84841.881 |
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