We are pleased to announce that Metaplanet has entered into an agreement to acquire 100% of Siiibo Securities, a licensed Type I securities firm and a pioneer of Japan's online corporate bond market. Following closing, expected in July, the company will be renamed Metaplanet Securities. This is Metaplanet's first major acquisition and the first concrete step in Project Nova, our long-term strategy to build a Bitcoin-centric financial ecosystem in Japan. The significance is hard to overstate. Japanese households hold roughly $7.4 trillion in cash, deposits and low-yield products, and as Japan shifts from deflation to inflation, that capital has begun searching for yield. By bringing Siiibo's Type I registration and online securities platform into the group, we will develop and distribute Bitcoin-related yield products directly to Japanese investors, supported by the 40,177 BTC on our balance sheet, the largest corporate Bitcoin treasury in Asia. We have great respect for Kazuki Komura and the team at Siiibo Securities and what they have built. Together, as Metaplanet Securities, we will bring new yield opportunities to Japan.

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.

Metaplanet Q1 FY2026 Results 🟧 Revenue: ¥3.08b (+251% YoY) 🟧 Operating Profit: ¥2.27b (+283% YoY) 🟧 Net Assets: ¥402.96b (-12.1% QoQ) 🟧 BTC Yield: 2.8% (QTD) 🟧 Operating Margin: 73.6% FY2026 Guidance (unchanged): 🟧 Revenue: ¥16.00b (+80% YoY) 🟧 Operating Profit: ¥11.40b (+81% YoY)

The first wave of Bitcoin-backed fixed income has shown the demand is real. The global opportunity is many multiples larger. Japan is a particularly compelling case. Japanese households hold roughly $7 trillion in cash and deposits earning nothing. Decades of zero-yield conditioning, a generation of conservative savers, and a regulatory framework that increasingly accommodates digital assets. The fit is hard to ignore.

MPJPY now tradeable on Robinhood. Our Depositary Bank is waiving the ADR issuance fee through June 12. Applies to both MTPLF conversions and new purchases. Full disclosure + investor FAQ in the next thread. $MPJPY $MTPLF