Bitcoin News Today: Metaplanet Launches Bitcoin-Backed Yield Curve to Challenge Japan’s Bond Market

Metaplanet, a Japanese fintech firm, has unveiled a Bitcoin-backed yield curve and a preferred share program, aiming to position BTC as a credible form of collateral in the country’s traditional bond market. The initiative is designed to challenge the dominance of conventional fixed-income instruments by creating a structured pricing framework for Bitcoin-collateralized credit, enabling institutional investors to access BTC while securing predictable yields. Dylan LeClair, the firm’s head of Bitcoin strategy, emphasized that the move represents progress toward “digitally transforming Japan’s capital markets” and preparing for a future of “hyperbitcoinization” [1].

The Bitcoin-backed instruments will span multiple credit profiles and maturities, further expanding Metaplanet’s growing BTC treasury. The firm has been aggressively accumulating Bitcoin since the fourth quarter of 2024 and has now amassed a total of 18,113 BTC, acquired for approximately $1.85 billion at an average price of $101,911 per coin. In its latest quarter, Metaplanet acquired an additional 518 BTC for about $61.4 million at an average price of $118,519 per BTC [1].

The company’s financial performance has been robust, with revenue rising 41% quarter-on-quarter to 1.239 billion yen ($8.4 million) and net income swinging to an 11.1 billion yen ($75.1 million) profit from a 5 billion yen loss the previous year. This impressive turnaround has significantly outperformed the TOPIX Core 30 index, which gained an average of 7.2% over the same period. Metaplanet also outpaced companies such as Nintendo and SoftBank Group, despite both posting double-digit gains [1].

CEO Simon Gerovich highlighted the strong quarterly results as a sign that the firm is well-positioned to continue its aggressive Bitcoin accumulation strategy. The company has also announced plans to raise $3.73 billion through a stock offering to fund further BTC purchases, with the goal of acquiring 210,000 Bitcoin by the end of 2027. If current trends continue and no other major BTC holders increase their holdings, Metaplanet could become the second-largest corporate Bitcoin holder in the world, trailing only MicroStrategy [1].

The timing of these developments coincides with a broader global trend of corporate Bitcoin adoption. Over the past 30 days, 15 additional companies have added Bitcoin to their balance sheets, bringing the global total to 292. The United States leads the way with 99 corporate Bitcoin treasuries, followed by Canada with 43. The pro-crypto stance of the Trump administration is believed to have contributed to the U.S.’s leadership, with policy changes such as the signing of the GENIUS stablecoin Act and the launch of the SEC’s “Project Crypto” and the CFTC’s “Crypto Sprint” [1].

As institutional interest in Bitcoin continues to grow, Metaplanet’s innovative use of BTC as collateral in capital markets highlights the evolving role of cryptocurrencies in traditional finance. The firm’s strategic initiatives reflect a broader shift in how global capital is being managed and allocated, with Bitcoin increasingly viewed as a legitimate asset class.

Source:

[1] Metaplanet Unveils Bitcoin-Backed Yield Curve In Bid To Take On Japan’s Bond Market (https://coinmarketcap.com/community/articles/689caabd5409243c41048a8a/)