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Metaplanet Doubles Down on Bitcoin—Raises $21M in Bonds to Stack More Sats
Metaplanet Doubles Down on Bitcoin—Raises $21M in Bonds to Stack More Sats
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Tokyo’s Metaplanet just made its boldest Bitcoin bet yet—issuing $21 million in corporate bonds to buy the dip. Because nothing says ’long-term strategy’ like levering up during a crypto winter.
The move follows its April pivot to treat BTC as a core treasury asset—joining the ranks of MicroStrategy but with way more regulatory side-eye from Japan’s FSA. Traders are calling it either genius or gambling with shareholder money. No middle ground.
One thing’s certain: while traditional finance plays musical chairs with rate cuts, crypto-native firms are building chairs out of blockchain. Whether those chairs can hold weight? That’s the billion-yen question.
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