Tokyo-based investment firm Metaplanet (3350) has unveiled two major strategic initiatives aimed at deepening its integration of bitcoin (BTC).

The announcements came as the company posted strong second-quarter results, with revenue climbing 41% quarter-over-quarter to 1.239 billion yen ($8.4 million) and net income swinging to a 11.1 billion yen ($75.1 million) profit from a 5.0 billion loss yen last year.

Metaplanet's head of bitcoin strategy Dylan LeClair announced the launch of “Metaplanet Prefs,” a perpetual preferred equity instrument designed to scale the company’s bitcoin treasury operations similar to Strategy's (MSTR) preferred equities.

As Japan’s largest publicly traded bitcoin holder, Metaplanet intends to set a new standard in the country’s fixed income market by introduci

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