Metaplanet issues $13 million in zero-coupon bonds to boost its Bitcoin holdings
James Van Straten, AI Boost | Edited by Parikshit Mishra Updated March 31, 2025 1:58 pm UTC Published March 31, 2025 1:52 pm UTC
Japanese hotel company Metaplanet (3350) has issued 2 billion yen ($13.3 million) in standard zero-coupon bonds, the proceeds of which will be used to purchase more bitcoin (BTC). The bonds are set to mature on September 30.
Moreover, according to CEO Simon Gerovich, Metaplanet has been added to the BetaShares Crypto Innovators ETF (CRYP), a fund with assets exceeding $50 billion.
Metaplanet has the largest stake in the ETF at 15.5%, ahead of big names like Strategy (MSTR) and Coinbase (COIN), which are in second and third place, respectively.
The ETF is listed on the Australian Securities Exchange (ASX) and gives investors exposure to companies operating in the cutting-edge crypto and blockchain technology sectors. However, the CRYP ETF has fallen 23% since the start of the year.
Metaplanet is currently the tenth largest public Bitcoin holder with 3,200 BTC in assets.
Disclaimer: Portions of this article were generated by AI tools and reviewed by our editorial team to ensure accuracy and adhere to our standards. For more information, see CoinDesk’s full AI policy.
Your email address will not be published. Required fields are marked *
[…] January 2022, the number of cryptocurrencies existing in the market increased by 1 thousand. This implies that each new…
Your writing is like a breath of fresh air in the often stale world of online content. Your unique perspective…
I would like to share my story and express my great gratitude to Maria. My husband Alexander was literally taken…