Head of Capital Strategy at Metaplanet: No Cash Flow Risk, Equity Financing is the Main Source of Funds

Shinpei Okuno, Head of Capital Strategy at Metaplanet, tweeted, "No bank would lend us money using $BTC as collateral. We never intended to borrow from them in the first place. Our financial operations are structured in a way that does not create cash flow risk (i.e., the risk of having to sell $BTC), which depends on the daily price of $BTC (therefore, equity financing is our primary source of funding). On the other hand, in the long run, it is interesting that the BTC-backed bond investment market is steadily taking off." [Foresight News]