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Metaplanet’s Bitbonds 💰 I initially saw Metaplanet as another company accumulating Bitcoin. The Siiibo acquisition changes that picture. The $13 million deal gives Metaplanet regulated securities infrastructure that could support Bitbonds targeting roughly 4%–6% yields. The important asset here may not be more BTC it may be the licence and distribution channel needed to turn a treasury strategy into a credit product. But the yield alone is not enough. Investors will need clarity on collateral, repayment cash flow and liquidation risk. Bitcoin-backed credit only becomes a real market when the bond can survive Bitcoin volatility. #CXMTDebutShockwave #AIEarningsWatch #CeasefireHitsCrude $BTC