Metaplanet Inc. Announces $11.3 Million Bond Issuance for Bitcoin Purchases
Tokyo-based investment firm Metaplanet Inc. has unveiled plans to issue one-year ordinary bonds totaling 1.75 billion yen (approximately $11.3 million), aiming to expand its Bitcoin holdings.
The bonds will carry an annual interest rate of 0.36% and are set to mature on Nov. 17, 2025.
This recent decision follows a significant shift in the company's investment strategy, as Metaplanet has embraced Bitcoin as a strategic treasury reserve asset. Currently, the firm holds 1,018.17 BTC, valued at around $93.5 million based on current market rates, positioning it as one of the largest corporate Bitcoin holders in Asia.
In a statement on X, Simon Gerovich, the CEO of Metaplanet, indicated that the company is gearing up for further Bitcoin acquisitions.
The firm has been actively purchasing Bitcoin over the past few months, a trend that has gained momentum since its strategic pivot was announced in May.
Last month, Metaplanet successfully raised approximately 10 billion yen ($66 million) through its stock acquisition rights exercise, further solidifying its financial capacity to invest in cryptocurrencies.
As of Monday, Metaplanet's stock closed at 1,994 yen ($12.85), reflecting a 0.81% increase. The company's stock price has surged by 1,146% year-to-date, despite a broader market downturn, with the Nikkei 225 index falling by 1.09%.
MicroStrategy remains the largest public holder, with 279,420 BTC, followed by Marathon Digital, which holds 27,562 BTC. Metaplanet's ongoing investment strategy underscores a growing trend among corporations to leverage Bitcoin as a reserve asset amidst fluctuating market conditions.
