Myriad: Bitcoin's next move? Click to make your prediction.Gerovich said the transfers were visible because Metaplanet publishes its Bitcoin addresses, allowing the movements to be tracked in real time.
Metaplanet said the program could be used for future Bitcoin purchases and other corporate purposes. Debt allows the company to raise cash without immediately issuing more shares or selling Bitcoin.
The program expands Metaplanet’s capital-markets strategy as it continues to build one of the largest public-company Bitcoin treasuries outside the U.S.
While BitBonds gives Metaplanet another way to raise money for Bitcoin purchases, it also adds more obligations. If Bitcoin falls, the company still has to make payments on its debt.
