Metaplanet Doubles Down on Bitcoin Bet with $21M Bond Sale—Because Traditional Finance Was Too Boring
Tokyo-based investment firm Metaplanet is going all-in on crypto—again. The company just announced plans to raise another $21 million through bond sales, with one glaring purpose: scooping up more Bitcoin. Because clearly, their first few dips into the volatile crypto pool weren’t enough.
Why Bonds? Why Now?
With institutional interest in BTC surging—and traditional markets looking about as exciting as a spreadsheet—Metaplanet’s move screams ‘YOLO’ in corporate finance speak. The funds will add to their growing stash of BTC, hedging against fiat’s slow-motion collapse (or so they hope).
The Cynical Take:
Nothing says ‘confidence in the economy’ like dumping millions into an asset that once dropped 80% in a year. But hey—if Japan’s near-zero yields have you snoozing, why not gamble on digital gold?
