Metaplanet has announced the issuance of $210 million in zero-interest ordinary bonds with the goal of acquiring additional Bitcoin. This bold move continues the company's aggressive treasury strategy, drawing clear parallels to the approach pioneered by MicroStrategy. By leveraging debt to accumulate Bitcoin, Metaplanet is betting on the long-term value proposition of digital assets as a store of value.
This development raises key questions about the future of corporate treasury management. Could Bitcoin become a mainstream reserve asset for companies, or is this still a high-risk strategy limited to a few outlier firms?
Supporters argue that Bitcoin offers protection against inflation, sovereign risk, and currency devaluation, particularly in regions facing economic instability. On the other hand, critics point to Bitcoin’s volatility, regulatory uncertainty, and the potential financial risk of using leverage to acquire such an asset.
As institutional interest grows and more companies explore digital assets, Metaplanet’s strategy could either be seen as visionary or overly speculative, depending on how the market evolves.
How do you view this approach? Is this a smart long-term hedge — or a dangerous bet in uncertain times?
