2 months ago
Japanese edifice steadfast Metaplanet (3350) has issued a 2 cardinal yen ($13.3 million) zero-coupon mean bond, with proceeds earmarked for further bitcoin (BTC) purchases. The enslaved is scheduled to redeem connected Sept. 30.
In addition, Metaplanet has been added to the BetaShares Crypto Innovators ETF (CRYP), a money with implicit $50 cardinal successful assets nether management, according to CEO Simon Gerovich.
Metaplanet holds the largest weighting successful the ETF astatine 15.5%, surpassing notable manufacture names specified arsenic Strategy (MSTR) and Coinbase (COIN), which instrumentality the 2nd and 3rd spots, respectively.
The ETF is traded connected the Australian Securities Exchange (ASX) and offers investors vulnerability to companies operating astatine the forefront of the crypto and blockchain sectors. While, the CRYP ETF is down 23% year-to-date.
Metaplanet is presently ranked arsenic the tenth-largest publically listed holder of bitcoin, with a treasury of 3,200 BTC.
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