Metaplanet, a Japanese hotel company, has recently made headlines by issuing a $13 million zero-coupon bond to expand its bitcoin holdings. This move has allowed them to secure a 15.5% weighting in a crypto-focused exchange-traded fund (ETF), becoming the largest holding within the BetaShares ETF with assets under management amounting to $50 billion.

Currently, Metaplanet owns 3,200 BTC, establishing itself as the 10th-largest public holder of bitcoin. CEO Simon Gerovich shared that they have also been included in the BetaShares Crypto Innovators ETF (CRYP), which is traded on the Australian Securities Exchange (ASX). This ETF provides investors with exposure to companies leading the way in the crypto and blockchain industries. Despite being down 23% year-to-date, CRYP continues to attract attention from investors seeking opportunities in these innovative sectors.

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Metaplanet Issues $13M Zero-Coupon Bond to Buy More Bitcoin

The Japanese hotel firm secures 15.5% weighting in crypto-focused exchange-traded fund.

• Metaplanet now holds the highest weighting in the $50 billion AUM BetaShares ETF.
• Metaplanet issued a $13 million zero-coupon bond to buy more bitcoin.
• The firm currently holds 3,200 BTC, making it the 10th-largest public bitcoin holder.

In addition, Metaplanet has been added to the BetaShares Crypto Innovators ETF (CRYP), a fund with over $50 billion in assets under management, according to CEO Simon Gerovich.

The ETF is traded on the Australian Securities Exchange (ASX) and offers investors exposure to companies operating at the forefront of the crypto and blockchain sectors. While, the CRYP ETF is down 23% year-to-date.