What to know:

• New perpetual preferred equity instrument, "Metaplanet Prefs," will fund BTC acquisitions and enable issuance of BTC-backed credit products.

• Company plans to develop a bitcoin-backed yield curve to price BTC-collateralized instruments for Japanese institutional investors.

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

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.