#VietnamCryptoPolicy Is Issuing Debt to Buy Bitcoin a Genius Hedge or High-Stakes Gamble?

Metaplanet Inc.'s move to issue $10M in zero-coupon bonds to buy more Bitcoin reflects growing corporate interest in BTC as a strategic asset. But is it wise?

On one hand, it's a bold hedge against inflation and currency devaluation, especially in economies battling weakening fiat. Bitcoin’s capped supply makes it attractive as a long-term store of value.

But this approach also carries high risk. Issuing debt to buy a volatile asset like BTC amplifies financial exposure—if prices drop significantly, the company could struggle to meet its obligations or see its balance sheet suffer.

🔸Smart hedge if BTC continues its upward trajectory.

🔸 Risky leverage if market crashes or remains stagnant.