Metaplanet plans Bitcoin-backed bonds with 6% yield

• Metaplanet plans to issue Bitcoin-backed bonds offering yields of up to 6%.
• The proposal aims to create a new income product backed by the company's Bitcoin holdings.
• Metaplanet said the plan supports its strategy to expand Bitcoin-based financial products.

Metaplanet plans to issue bonds backed by Bitcoin (CRYPTO:BTC) that could offer investors annual yields of up to 6%.

The proposal builds on the company's Bitcoin treasury strategy as it looks for new ways to generate returns from its growing holdings.

Metaplanet said the bonds would use its Bitcoin reserves as collateral, although details including the launch date and final structure have not been announced.

The company said the product could attract investors seeking Bitcoin exposure with regular income, and following the announcement the Metaplanet share price was unchanged.

The latest proposal reflects the company's wider plan to build new financial products around Bitcoin as institutional interest in digital assets grows.

At the time of reporting, Bitcoin price was $63,170.50.