50 million dollars of moves from Metaplanet: Bitcoin purchases continue with zero -interest bonds
Metaplanet launched a $ 50 million -dollar zero -interest bond export to maintain Bitcoin strategy. Evo Fund is the only investor, BTC reserve reached 7,800.
Japanese giant Metaplanet continues to buy Bitcoin with 50 million dollars of debt
🟠 50 million dollars are collected with zero -interest bonds
Japanese investment company Metaplanet said in a statement on May 28, announced that it has begun to collect more $ 50 million via zero -interest bonds to increase Bitcoin reserves.
Bonds are exported in slices of $ 1.25 million and do not contain any interest payments. Investors will get their return only from the repayment of bonds at the end of the maturity.
Evo Fund, a investment company based on Cayman Islands, is the only investor. Evo Fund played the leading role in all previous metaplanet BTC bond purchases.
“This is an indication of a high level of confidence between the two companies and the belief in the long -term potential of Bitcoin.” - Metaplanet
🔓 No guaranteed and guaranteed: High confidence
The exported bonds do not contain any guarantee or guarantor. In other words, there is no debt manager or asset guarantee.
This reflects Metaplanet’s high risk tolerance to Bitcoin strategy and Evo Fund’s confidence in the company.
💰 BTC purchases continue: reached 7,800 BTC
This move came immediately after Metaplanet’s second largest Bitcoin purchase. The company took 1,004 BTC at one time and increased Bitcoin reserve to 7,800 BTC. This means the presence of a BTC of approximately $ 800 million at current prices.
According to BitcoinTreasuries.net data, Metaplanet’s BTC investments are currently about 20 %.
📈 Stock prices behave like 5 times Bitcoin
Metaplanet’s aggressive Bitcoin strategy also moved the company’s stock prices up. According to 10x Research’s report dated 27 May:
“Company shares are priced as if Bitcoin is 5 times more valuable. Investors may be making excessive payment to access the BTC indirectly.”
This makes criticism that the exposure of BTC through company shares, rather than buying BTC directly, has been criticized that it has become more premium.
🧨 Critics are increasing: “If you are going to get Bitcoin, it’s not a share, it should be taken itself”
Famous investor Jim Chanos is among the critics of this model. Speaking at the Sohn Investment Conference in New York, Chahanos announced that he would take Bitcoin directly by selling his shares in his hand.
This approach argues that the exposure of indirect Bitcoin through companies is a more costly and risky option than BTC itself.
