Metaplanet plans to issue Bitcoin bonds with a yield of up to 6%.

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Coin Jie News, Metaplanet plans to use its newly acquired Japanese brokerage firm to develop Bitcoin bonds, with an expected yield of about 4% to 6%. According to Benchmark analyst Mark Palmer, investors have underestimated the importance of Metaplanet’s acquisition of Siiibo Securities, a deal that was completed for 2.1 billion yen (about $13 million). Palmer said the market generally views the transaction as a small-scale add-on acquisition, but discussions with Dylan Leclair suggest that this view seriously underestimates the company’s plans for the acquired business. Metaplanet plans to transform its securities subsidiary into a platform, allowing companies that adopt Bitcoin财treasury strategies to issue debt to finance the purchase of Bitcoin. The proposed bonds, called “Bitcoin bonds,” may initially offer an annual yield of about 4% to 6%. Metaplanet also plans to put the bonds on-chain, settle using stablecoins, and build a secondary market in the coming years.
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