Saylor: There is no preferential capital auction in Japan.

Strategy to Make a Quick Entry into the Japanese Market

Michael Saylor announced that Strategy (MSTR) will not issue perpetual preferred equity or digital credits in Japan within the next twelve months. This situation provides a significant advantage for Metaplanet. As Metaplanet aims to launch two new digital credit instruments, Mercury and Mars, in Japan's perpetual preferred market, which significantly enhance returns compared to traditional bank deposits.

Japan's market regulations differ from those of the United States. Notably, since the sale of shares at market price is not permitted in Japan, Metaplanet prefers to use a moving option method for its offerings.