Editor's PiCK
MetaPlanet CEO: "Even if Bitcoin Falls to $2,000, All Bonds Can Be Repaid"
Summary
- MetaPlanet emphasized that it has a stable capital structure capable of repaying all bonds even if Bitcoin falls to $2,000.
- CEO Simon Gerovich stated that MetaPlanet's net asset value of Bitcoin significantly exceeds its debt.
- MetaPlanet aims to hold 10,000 BTC by the end of the year and currently holds 7,800 BTC.
MetaPlanet, regarded as a strategy in Japan, emphasized that it has a stable capital structure capable of repaying all bonds.
On the 25th (local time), Simon Gerovich, CEO of MetaPlanet, stated on X (formerly Twitter), "MetaPlanet maintains a very strong and flexible capital structure, with a market capitalization approximately 69 times its Bitcoin investment assets," and "The net asset value (NAV) of Bitcoin significantly exceeds the debt. Even if Bitcoin reaches $2,000, it is at a level where all bonds can be repaid."
MetaPlanet is continuing its Bitcoin accumulation efforts through bond issuance, aiming to hold 10,000 BTC by the end of the year. The current holding is 7,800 BTC.
As of 12:46 PM, Bitcoin is trading at $108,165 on the Binance USDT market, up 0.04% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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