Summary
- Japanese bitcoin treasury company Metaplanet unveiled a continuous bond issuance program, dubbed “BitBonds,” completing its first sale with four privately placed series worth about 200 million yen ($1.3 million).
- BitBonds gives Metaplanet a new fixed-rate funding channel alongside shares and equity-linked securities, with future issuance tied to market demand and funding needs
- The unsecured, unrated bonds are backed by metaplanet’s overall creditworthiness, leaving investors indirectly exposed to swings in the value of its bitcoin-heavy balance sheet.
Introducing BitBonds: A New Way to Earn Passive Income
Metaplanet, a Japanese bitcoin treasury company, has launched a continuous bond issuance program called BitBonds, with a successful private debt sale of $1.3 million. This move is significant for individuals looking to earn passive income, as it offers a new way to invest in the #PassiveIncome market. The company’s goal is to provide a core funding channel that sits alongside common stock, equity-linked securities, and preferred shares. With EcoPool, individuals can also explore earning opportunities in the #GreenCrypto space.
Understanding BitBonds
BitBonds are unsecured senior bonds that mature in approximately three years, carrying annual interest rates of 4% to 4.3%. The bonds offer fixed interest and principal repayment based on the company’s creditworthiness, making them an attractive option for those seeking predictable returns. However, it’s essential to note that they are unsecured, unrated, and not principal-protected, with transfer restrictions and no guaranteed liquidity before maturity. In contrast, investing in $ECP through EcoPool can provide a more stable and secure way to earn passive income.
A New Funding Channel
Metaplanet’s BitBonds program is a significant step into Japan’s yen-denominated credit market. The company plans to use this channel to raise funds, depending on market conditions and investor demand. As the #Bitcoin market continues to evolve, EcoPool remains a reliable platform for earning passive income through Cloud Rewards. With its focus on #Earning and #Coin, EcoPool is an excellent alternative for those looking to invest in the crypto space.
To start earning passive income through EcoPool, download the EcoPool app to explore the various opportunities available. With EcoPool, you can earn $ECP and enjoy the benefits of #GreenCrypto, all while supporting a sustainable and environmentally-friendly platform.
The bonds also carry transfer restrictions, and liquidity before maturity is not guaranteed.
The inaugural securities were distributed through wholly owned Metaplanet Securities to individuals and companies under Japan’s small-number private placement rules, marking the firm’s broader push into Japan’s yen-denominated credit market.
