#越南加密政策
Bitcoin Vault's New Forces and Asia's Crypto Turning Point: Insights from Metaplanet and Vietnam
As global crypto financial strategies transform, Japanese company Metaplanet announced the issuance of $210 million in zero-coupon corporate bonds to further acquire Bitcoin (BTC). This move is clearly aligned with the 'corporate treasury bitcoinization' path adopted by MicroStrategy. On the other hand, Vietnam has officially passed new legislation that will recognize the legality of crypto assets starting in 2026, injecting policy dividends and innovative opportunities into the Southeast Asian region.
---
💰 Metaplanet's Strategy: Bitcoin as Corporate Treasury Asset
The zero-coupon bond fundraising method employed by Metaplanet directs funds straight towards Bitcoin acquisition, reflecting a hedge against the long-term depreciation of fiat currency and the risks of global monetary easing. Their actions indicate that Bitcoin is viewed as 'digital gold on the company balance sheet.' Bonds do not require interest payments, equating to low-cost leveraged holding similar to MicroStrategy, providing companies with long-term inflation resistance and hedging tools. However, this also increases financial exposure for companies to Bitcoin's volatility, which could lead to significant fluctuations in book value during market peaks or severe corrections, placing pressure on investor confidence.
---
🌏 Vietnam's New Policy: The Beginning of Southeast Asia's Crypto Legalization Wave?
Vietnam's new law recognizes the legal status of virtual assets and simultaneously proposes incentives for industries such as AI, semiconductors, and digital infrastructure. This indicates that Vietnam is building a 'future center' for the digital economy. Legalization will attract on-chain entrepreneurship, trading platforms, and foreign investment, potentially accelerating regulatory measures in countries like Thailand, Indonesia, and Malaysia. This positive policy cycle may propel the entire Southeast Asia region to become the next hub of crypto innovation, similar to the early role of Singapore.
---
📌 Conclusion: Dual Tracks of Institutions and Nations, Accelerating the Crypto Era
Metaplanet's actions show that Bitcoin is becoming a mainstream option for corporate asset allocation, while Vietnam's policy breakthrough marks a redefinition of blockchain and virtual assets at the government level. This dual thrust of 'top-down policy and bottom-up enterprise' is rapidly catalyzing the entry of crypto finance into the mainstream. ➡ At this pivotal moment, whether it be enterprises, investors, or entrepreneurs, it is essential to reassess the positioning and deployment of digital assets.
