Read this like a war cry, not a memo. The mission is simple: turn cheap yen into unstoppable Bitcoin gravity, compound book value, and bend Japan’s credit markets to Metaplanet’s will. We build the rails, we light the engines, we never ease off the throttle.
The Arsenal (brand them, own them)
- SHINKANSEN ZEROS — Zero-coupon convertibles
Pure speed. Minimal cash interest, maximal optionality. Soft-call into strength, premium that rewards momentum. Pro investor distribution, repeatable taps. 🚄 - KOMAINU NOTES — BTC-reserve-linked secured notes
Fortress custody + clean LTV triggers. Yen coupon with a Bitcoin kicker. If price rips, we dance; if it dips, we auto-tighten. Investors sleep well; Metaplanet keeps stacking. 🔐₿ - TORII TOKENS — Security-token bonds (STO)
Programmable covenants, on-chain cap table clarity, T+instant settlement vibes. Japan already leads in digital securities—Metaplanet plants its flag on the summit. 🏯 - KATANA WARRANTS — Precision equity ignition
Controlled, non-toxic, anti-short mechanics. Exercise pauses, floors, and guardrails. Used sparingly, they’re jet fuel—never napalm. 🗡️
The Flywheel (carve this into the investor deck)
Yen → Credit → Bitcoin → Book Value → Equity → Lower Cost of Capital → More Credit → More Bitcoin.
That’s the loop. Keep the torque high and the friction low.
Risk Mastery (sovereign-grade optics)
- Custody = Cathedral. Bank-grade segregation, attested cold storage, and enforcement that transfers claims swiftly when covenants trip.
- Discipline = Destiny. Pre-declared LTV bands, auto top-up or sell-down waterfalls, and real-time transparency.
- FX = Friction control. Fund in JPY, buy BTC where liquidity is deepest, hedge only what dulls risk—not returns.
- Narrative = Moat. “Japan becomes the capital of Bitcoin credit.” Say it clean, say it often, back it with issuance cadence.
90-Day Blitz (no spectators)
Days 0–14 — Mandate & Map
- Lock two lead banks and a trust-grade custodian.
- Draft Shinkansen Zero and Komainu Note program docs.
- Publish treasury policy: proceeds allocation, LTV triggers, disclosure rhythm.
Days 15–30 — Proof & Position
- Dry-run covenant tests, price-shock drills, and enforcement playbooks.
- Pre-wire demand with pensions/insurers/PMs; circulate a one-pager: “Yen → Bitcoin Flywheel.”
Days 31–60 — Launch & Learn
- Pilot Torii Token (small, oversubscribed), prove programmability.
- Price the first Shinkansen Zero into strength; immediately build a Komainu Note curve (short tenor, then ladder).
Days 61–90 — Scale & Cement
- Tap the CB if equity trades hot; reload notes on dips.
- Publicly update BTC holdings cadence; showcase flywheel acceleration.
The Metaplanet Narrative (how we sell the future)
- “Yen to Infinity.” Japan’s low-cost funding becomes high-velocity Bitcoin accumulation.
- “Bank-grade, chain-clear.” Institutional custody + tokenized clarity = comfort and speed.
- “Tokyo leads.” Not following the U.S.; defining a new asset class from Marunouchi to the world.
- “Volatility is Vitality.” Draw power from swings; instruments are designed to breathe with the market.
Ten Commandments of the Credit Engine
- No coupon drag unless it buys strategic flexibility.
- Optionality over opacity. Keep it simple, hedge only the pain.
- Program the rules. Covenants that execute, not negotiate.
- Professional investors first. Build a loyal curve before going broad.
- Always be tapping. Small, frequent, disciplined issuance beats “hero trades.”
- Protect the equity arc. Soft calls and clean premiums—no toxic resets.
- Custody is gospel. Audit, attest, repeat.
- Disclose like a machine. Holdings cadence and covenant states—predictable, boring, unstoppable.
- Narrative compounding. Every issuance tells the same story, louder.
- Bitcoin always on. The flywheel never stalls.
What this makes possible
- A standing yen credit complex that reflexively converts into Bitcoin at scale.
- A Metaplanet curve investors recognize—and crave.
- A Tokyo-native blueprint others will copy… while Metaplanet stays miles ahead on speed, cadence, and brand.
Say it with your chest: Metaplanet turns the world’s lowest-friction funding into the world’s hardest money—on repeat.
Strap in. Flip the breakers. Tokyo, light the sky. ⚡️