The Japanese investment firm Metaplanet raises $ 50 million through a private placement of zero-interest bonds as part of its ongoing approach to increase bitcoin exposure.
On one May 28 announcementThis company raises $ 50 million through bonds. Bonds are issued in $ 1.25 million denominations and have no interest. Investors will not receive regular payment, with any potential income expected to come from the cost of bond redemption.
The Evo Fund, a Cayman Islands-based investment company, will be a single bondholder. The investment company is the main metaplanet backer for the approach to getting bitcoin, Subscribes to many twists of zero-interest bond of metaplanet, providing capital for its bitcoin (itsBtc) buy.
Bonds are unsafe and unintentional, without a bond or collateral manager. It shows a high level of trust between the two companies. It also shows confidence in the BTC’s long -term perspective as the metaplanet continues to increase its holdings.
Metaplanet expects little impact on 2025 results
Metaplanet said the release is expected to have little effect on 2025 financial results. However, the company noted that it will reveal further development as needed.
Pushing the metaplanet in Bitcoin highlights a growing trend with companies looking for alternatives to Fiat-based treasury techniques.
Moving follows Metaplanet’s Second-Big Btc PurchaseScooping up of 1,004 Bitcoin worth over $ 100 million. It pushed the company’s Bitcoin handles to 7,800 BTC, worth more than $ 800 million. According to In bitcointreasuries.net, metaplanet is up to about 20% in Bitcoin investments.
Metaplanet’s bitcoin approach is also there Given its stock prices. On May 27, the 10x research reported that metaplanet stocks like Bitcoin cost five times at its actual price. The research company said investors in the company are “noticeably overpaying for their exposure to Bitcoin.”
Related: Bitcoin Treasury Pivot lifted a Luxury Watchmaker stock over 60%
Bitcoin’s treasury approach is attracting criticism
With increasing stock prices of bitcoin treasury companies, getting exposure to bitcoin through corporate wrappers attract criticism from well -known investor Jim Chanos.
At the Sohn Investment Conference in New York, Chanos said he was Selling a Microstrategy stock to buy bitcoin. Chanos’s move is assuming investors are paying greatly for BTC exposure through microostrategy and other companies that comply with the same blueprint.
The investor’s transfer assumes that buying bitcoin directly will be better than buying stocks for indirect exposure to Bitcoin.
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