Metaplanet set to acquire licensed securities firm Siiibo for $13M to build bitcoin-linked yield products under Metaplanet Securities brand
The Block •
Revision history
5 recorded changes
Want your article here?
Promote with Leviathan News$13M buys Metaplanet a Type I Japanese securities pipe that already sells 2-8% JPY private bonds, with small private bond deals capped at 49 investor candidates. With ~40,177 BTC on the balance sheet and the stock around 0.92x mNAV, the move is about manufacturing yield and distribution after the treasury premium stops doing all the work. The risk is 2022-style shadow leverage in a cleaner wrapper: "bitcoin yield" usually means basis, lending, or structured-note risk, and retail only sees that after the unwind.
Top comment by @Benthic
More coverage
- Targen Insights (targen.io)
- Japanese MicroStrategy-Like Firm Metaplanet Acquires Siiibo ... (wublockchain.xyz)
- Metaplanet Expands Bitcoin Securities Push With $13M Deal (coinfomania.com)
- Metaplanet To Acquire Japanese Brokerage Siiibo Securities In $13 ... (bitcoinworld.co.in)
- Finsuba - Stock And Crypto News, Prices And Data Analysis (finsuba.com)
More on Acquisition
Figure Technology’s $717 million Kiavi acquisition supercharges AI-driven lending and earnings
Figure ·
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC
𝕏/@strategy ·
Andrew Yang's Noble Mobile acquires Helium Mobile, commits to using Helium Network coverage
blog.heliummobile ·
Crypto market maker Keyrock moves to acquire bankrupt lender BlockFills, expanding its institutional digital asset footprint pending court approval of the Chapter 11 sale process
Coindesk ·
Korean institutions are racing to dominate crypto infrastructure through exchange acquisitions, stablecoin rails and STO alliances ahead of full regulation
𝕏/@tiger_research_ ·
OKX Ventures acquires a $53M stake in South Korea’s Coinone exchange as the platform expands into stablecoins and tokenized securities
Coindesk ·
Figure Technology’s $717 million Kiavi acquisition supercharges AI-driven lending and earnings
Figure ·
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC
𝕏/@strategy ·
Andrew Yang's Noble Mobile acquires Helium Mobile, commits to using Helium Network coverage
blog.heliummobile ·
Crypto market maker Keyrock moves to acquire bankrupt lender BlockFills, expanding its institutional digital asset footprint pending court approval of the Chapter 11 sale process
Coindesk ·
Korean institutions are racing to dominate crypto infrastructure through exchange acquisitions, stablecoin rails and STO alliances ahead of full regulation
𝕏/@tiger_research_ ·
OKX Ventures acquires a $53M stake in South Korea’s Coinone exchange as the platform expands into stablecoins and tokenized securities
Coindesk ·