Metaplanet acquires U.S. firm to issue preferred stock, accessing capital pool used by Strategy and Strive

Metaplanet acquired a U.S. company to issue preferred stock in the United States after failing to do so in Japan. The move gives the company access to the same capital pool used by Strategy and Strive, where STRM was one of the biggest IPOs of 2025 and was structured as preferred stock. The analyst also notes that clarity is still needed on how Metaplanet supports its U.S. subsidiary, but the move could be accretive to common shareholders.