Metaplanet's Bold Move: Issuing a ¥2 Billion Bond to Expand Bitcoin Holdings

Metaplanet's Strategic Bond Issuance

Japanese hotel firm Metaplanet (3350) has taken a significant step in the crypto market by issuing a ¥2 billion (approximately $13.3 million) zero-coupon ordinary bond. The funds raised from this bond are specifically allocated for additional Bitcoin (BTC) purchases. The bond is set to redeem on September 30.

Key ETF Inclusion

In an exciting development, Metaplanet has also been included in the BetaShares Crypto Innovators ETF (CRYP), which boasts over $50 billion in assets under management. According to CEO Simon Gerovich, Metaplanet now holds the largest weighting in the ETF at 15.5%, outperforming notable industry players such as MicroStrategy (MSTR) and Coinbase (COIN), which rank second and third, respectively.

ETF Performance Overview

The CRYP ETF, traded on the Australian Securities Exchange (ASX), provides investors with exposure to companies leading the way in the crypto and blockchain sectors. However, it's worth noting that the ETF has experienced a 23% decline year-to-date.

Bitcoin Holdings

Currently, Metaplanet is recognized as the tenth-largest publicly listed holder of Bitcoin, with a treasury amounting to 3,200 BTC.

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