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in 1990 he convinced nasa to turn voyager 1 around and photograph earth from six billion kilometers away. our planet showed up as a single pixel... he called it the pale blue dot. he wrote that every saint, every sinner, every emperor, every farmer, every dreamer you have ever heard of had lived their whole life on that one piece of dust. before that, he chaired the committee that decided what humanity should send to anyone who might find us. two voyager spacecraft. one golden record on each. music from 27 cultures, 55 greetings, the sound of a kiss. ann druyan was on his team. while sagan was traveling, she quietly had her own brain waves and her own heart sounds recorded for the disc, while specifically thinking about being in love with him. they were not a couple yet. those neural patterns are now traveling through interstellar space at thirty-six thousand miles per hour. he and ann married soon after. she is still alive. in 1985 he testified before the us senate about the greenhouse effect. thirteen years before kyoto. forty years before any of it would be a normal thing to argue about. his peers in the national academy of sciences kept refusing to elect him. they thought making the universe legible to taxi drivers and the merely curious was beneath the profession. 500 million people across sixty countries watched cosmos. he was the most famous scientist on earth and the academy still said no. he never actually said billions and billions. that line was johnny carson doing him on the tonight show. december 20, 1996. pneumonia. age 62. ann was holding his hand. if voyager 1 is ever opened, the loudest signal on the disc is a woman thinking about him. what carl sagan moment first made the universe feel real to you?

Our universe has been expanding & stretching for about 13.8 million years. (Almost as long as this school year! 🤣) Check out this fun, hands-on activity to make your own stretchy universe slime & learn more about our galactic neighborhood.

There is a limited universe of listed preferred shares in Japan today. Upon listing, our preferred would be only the seventh in the market, and the first perpetual preferred. We view this as a meaningful contribution to the development of Japan's capital markets, but it is also why the path to listing is necessarily deliberate. In the Japanese market, dividends on preferred shares are expected to be supported by sustainable cash flows generated from underlying operations. The listing review accordingly assesses dividend-paying capacity based on projected financial performance over a multi-year period, including scenarios across different market environments. Metaplanet already has a six-quarter track record in its Bitcoin Income Generation Business, and we believe it is important to continue demonstrating that the business can generate stable, recurring cash flows across both strong and weak Bitcoin market conditions. We are also continuing to articulate the scalability and long-term viability of our related operating businesses that support this cash flow profile. A second consideration is dividend operations. Listed companies in Japan have historically paid dividends once or twice per year. The structure we are designing contemplates more frequent distributions, including monthly dividends. Implementing this requires careful work on record-date procedures, shareholder identification, dividend calculation, and recurring shareholder notice operations. We are working closely with our partners to build and modernize this infrastructure in a manner consistent with Japanese regulatory and market practice. The process has taken longer than we initially anticipated, and we appreciate that this has created uncertainty. We are deliberate about this work because Japan today is one of the most yield-starved major capital markets in the world, and we believe a preferred equity product supported by credible operating cash flows, robust operational infrastructure, and a long-term growth strategy can meaningfully address that need. We are deeply committed to bringing this product to market, and to doing so in a form that earns the long-term trust of investors and market participants.