Metaplanet Bets Big on Bitcoin—Secures $50M Bond Backing from Evo Fund
Tokyo-based Metaplanet just turbocharged its Bitcoin strategy—raising $50 million in bonds backed by investment heavyweight Evo Fund. Because when traditional markets wobble, why not double down on digital gold?
The move screams confidence (or desperation?) in crypto’s resilience. Meanwhile, Wall Street still can’t decide if Bitcoin’s a ‘risk asset’ or an inflation hedge—classic finance indecision.
One thing’s clear: Metaplanet isn’t waiting for permission. And with institutional money flowing in, the ‘laser-eye’ crowd might finally get their moon mission.
France Cracks Down on Crypto-Linked Kidnappings as High-Profile Attacks Rise
Metaplanet’s crypto-heavy treasury approach has driven significant interest in its stock, with 10x Research noting that investors are pricing in bitcoin exposure at five times its actual value. Critics like short-seller Jim Chanos argue that buying BTC directly is a more cost-effective strategy than holding shares in firms like Metaplanet or Strategy Corp, which package Bitcoin exposure through equity.
As more companies experiment with BTC as a treasury reserve asset, debates over valuation and access models continue to intensify on Wall Street.
