#VietnamCryptoPolicy #MetaplanetBTCPurchase sol# Metaplanet’s $10M Bitcoin Bet: A Dangerous Move in a Declining Market?

Metaplanet Inc.’s recent announcement to issue $10 million in zero-coupon corporate bonds to buy more Bitcoin has raised serious concerns across the financial community. While the move may appear bold to crypto enthusiasts, it could be a highly irresponsible gamble that backfires as the broader market enters a downturn.

Debt-Fueled Speculation in a Bearish Climate

Issuing debt to accumulate a volatile asset like Bitcoin during uncertain economic times is akin to pouring gasoline on a fire. Global macroeconomic indicators suggest increasing recession risks, and Bitcoin itself is showing signs of exhaustion after its recent rally. If prices fall sharply, Metaplanet could face massive unrealized losses—without the revenue cushion to offset the debt burden.

The Zero-Coupon Trap

Zero-coupon bonds may defer interest payments, but the principal repayment remains inevitable. If Bitcoin underperforms or crashes—historically a frequent occurrence—Metaplanet may find itself in a liquidity crisis, struggling to meet obligations with depreciating assets on its balance sheet.

Investor Confidence at Risk

Far from being a visionary move, this strategy could erode shareholder confidence. Traditional investors typically frown upon risky leverage—especially when it's used to chase speculative digital assets. A market sell-off could be triggered if confidence wavers and bondholders or shareholders