The Japanese hotel company Metaplanet (3350) has launched a 2 billion yen ($13.3 million) zero-coupon bond, intended to fund further acquisitions of bitcoin (BTC). This bond is set to mature on September 30.
Furthermore, Metaplanet has joined the BetaShares Crypto Innovators ETF (CRYP), a fund managing more than $50 billion in assets, as reported by CEO Simon Gerovich.
In the ETF, Metaplanet is the largest holding, making up 15.5% of the fund, outpacing well-known industry players like Strategy (MSTR) and Coinbase (COIN), which are in the second and third positions, respectively.
This ETF is listed on the Australian Securities Exchange (ASX) and provides investors with access to firms leading in the cryptocurrency and blockchain fields. However, the CRYP ETF has seen a decline of 23% year-to-date.
Currently, Metaplanet ranks as the tenth-largest public holder of bitcoin, possessing a treasury of 3,200 BTC.
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