Metaplanet raises $50M via zero-interest bonds to double down on Bitcoin accumulation, reinforcing corporate treasury shift toward BTC reserves
Coindesk •
Revision history
4 recorded changes
Want your article here?
Promote with Leviathan NewsZero-coupon bonds only pencil when you're trading at a premium to NAV — the Strategy playbook requires issuing paper that's accretive to BTC/share. Japanese buyers aren't pricing these as fixed income in a ZIRP environment; they're buying equity optionality at par. The flywheel reverses hard when mNAV compresses toward 1x, which is how smaller BTC treasury co's got punished in prior drawdowns.
Top comment by @Benthic
More coverage
- Metaplanet Issues $50M In Zero-Interest Bonds To Buy More Bitcoin (bitcoinmagazine.com)
- Metaplanet Issues $50 Million Zero-Interest Bonds to Buy More ... (newscord.org)
- Metaplanet Raises $50M in Zero-Interest Bonds to Buy More Bitcoin (bitbo.io)
- Metaplanet raises $50M in zero-interest bonds to buy more Bi | KuCoin (kucoin.com)
- Metaplanet's $50M Zero-Coupon Raise: Flow Analysis of Its Bitcoin ... (ainvest.com)
Explore the topic
More on Bond
India begins tokenizing its $620B corporate bond market through SEBI’s Demat 2.0, pairing blockchain-based bonds with RBI wholesale digital rupee settlement
Coindesk ·
Umbrella launches pandemic game that accumulates Pfizer stock, opens $3 genesis bond
𝕏/@umbrellacap_ ·
Bitcoin’s first bond reaches full capacity as institutional partners max allocations, while Genesis Bond targets 3% BTC returns over six months before expansion next month
𝕏/@Stacks ·
HashKey Cloud joins Stacks as a launch partner for self-custodied Bitcoin staking, participating in the Genesis Bond and joining the signer set securing sBTC
𝕏/@HashKeyCloud ·
SBI Shinsei Trust Bank and SBI VC Trade commit ¥1B to JPYSC, advancing stablecoin use cases through reserve asset management with Japanese Government Bonds
𝕏/@StartaleGroup ·
Crypto project NUKES.FUN launches treasury to accumulate Nano Nuclear Energy stock via OTC bonds
𝕏/@nukesfun ·
India begins tokenizing its $620B corporate bond market through SEBI’s Demat 2.0, pairing blockchain-based bonds with RBI wholesale digital rupee settlement
Coindesk ·
Umbrella launches pandemic game that accumulates Pfizer stock, opens $3 genesis bond
𝕏/@umbrellacap_ ·
Bitcoin’s first bond reaches full capacity as institutional partners max allocations, while Genesis Bond targets 3% BTC returns over six months before expansion next month
𝕏/@Stacks ·
HashKey Cloud joins Stacks as a launch partner for self-custodied Bitcoin staking, participating in the Genesis Bond and joining the signer set securing sBTC
𝕏/@HashKeyCloud ·
SBI Shinsei Trust Bank and SBI VC Trade commit ¥1B to JPYSC, advancing stablecoin use cases through reserve asset management with Japanese Government Bonds
𝕏/@StartaleGroup ·
Crypto project NUKES.FUN launches treasury to accumulate Nano Nuclear Energy stock via OTC bonds
𝕏/@nukesfun ·