- Japanese hotel firm Metaplanet has issued a 2 billion yen ($13.3 million) zero-coupon bond to fund additional Bitcoin purchases.
- Metaplanet has been added to the BetaShares Crypto Innovators ETF (CRYP) with the largest weighting at 15.5%, surpassing MicroStrategy and Coinbase.
- The company ranks as the tenth-largest publicly listed Bitcoin holder with a treasury of 3,200 BTC.
Japanese hotel company Metaplanet (3350) is expanding its Bitcoin holdings through a new bond issuance while securing a prominent position in a major crypto-focused exchange-traded fund. The firm has announced a 2 billion yen ($13.3 million) zero-coupon ordinary bond specifically designated for acquiring additional Bitcoin.
The bond, which carries no interest payments for investors, is scheduled to mature on September 30. This financial instrument represents Metaplanet’s strategic commitment to increasing its cryptocurrency reserves amid fluctuating market conditions.
In a parallel development, Metaplanet has achieved significant recognition in the investment community by being included in the BetaShares Crypto Innovators ETF (CRYP). According to CEO Simon Gerovich, this fund manages over $50 billion in assets.
What makes this inclusion particularly noteworthy is Metaplanet’s dominant position within the ETF’s portfolio. The Japanese hotel firm holds the largest weighting at 15.5%, outranking major crypto industry players like MicroStrategy (MSTR) and Coinbase (COIN), which occupy the second and third positions respectively.
The CRYP ETF trades on the Australian Securities Exchange (ASX) and provides investors with exposure to companies at the forefront of cryptocurrency and blockchain innovation. Despite its focus on an emerging sector, the fund has experienced a 23% decline year-to-date, reflecting broader challenges in the crypto market.
With its treasury currently holding 3,200 BTC, Metaplanet has established itself as the tenth-largest publicly listed holder of Bitcoin. This positioning highlights the company’s significant commitment to cryptocurrency as part of its corporate treasury strategy.
The zero-coupon bond issuance represents a specialized financial approach to funding Bitcoin acquisitions, allowing Metaplanet to raise capital without ongoing interest obligations. This method of financing crypto purchases has gained popularity among corporations seeking alternative treasury strategies in recent years.
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