The Japanese investment company MetaPlanet collects $ 50 million by private placement of zero interest bonds as part of the Bitcoin exposure strategy.
On May 28 announcementThe company said that it collects $ 50 million thanks to bonds. Bonds are issued in the denominations of $ 1.25 million and have no interest. Investors will not receive regular payments, and all potential profit will come from the value of bond purchase.
Evo Fund, an investment company from Kajmanów, will be the only bond holder. The investment company was the main supporter of Metaplanet from its Bitcoin acquisition strategy, subsidizing many rounds of Zero Metaplanet bonds, providing Bitcoin (BTC).
Bonds are unsecured and are not guaranteed, neither the bond administrator or security. It reflects a high degree of trust between two companies. It also shows trust in BTC long -term prospects, because Metaplanet continues to augment its shares.
Metaplanet expects a minimum impact on the results of 2025
Metaplanet said that he expected the issue to have a minimum impact on financial results in 2025, but if necessary it will reveal further changes.
Pushing Metaplanets in Bitcoin emphasizes the growing trend among companies looking for alternatives for Fiat tax strategies.
The transfer takes place after the second largest purchase size BTC Metaplanet, collecting 1004 bitcoins worth over $ 100 million. This accelerated the company’s Bitcoin shares to 7800 BTC with a value of over $ 800 million. According to For Bitcointreasuries.net, Metaplanet increases by almost 20% compared to Bitcoin investments.
The Bitcoin Strategy of Metaplanet also gave an augment in stock price. On May 27, 10x Research reports that Metaplanet shares are trading as if his bitcoins were worth five times than the actual price. The research company said that investors in the company “dramatically overpay for the Bitcoin exhibition.”
Related: Bitcoin Treasury Pivot raises luxury watchmakers by over 60%
Bitcoin treasury strategy attracts criticism
With the augment in share prices of Bitcoin tax companies, obtaining Bitcoin exposure using corporate packaging attracted criticism of the well -known investor Jim Chanos.
At the SOHN investment conference in Fresh York, Chanos said he was selling Bitcoin purchase strategy shares. Chanos’ movement assumes that investors overpay for the BTC exhibition through the strategy and others that follow the plan.
The investor’s movement assumes that the direct purchase of Bitcoin would be more profitable than the purchase of shares for exposure to intermediate bitcoins.
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