Japan's Metaplanet Corporation has announced the issuance of a new series of bonds worth 1.75 billion yen (about $12 million).
Each bond is priced at 43.75 million yen ($283,031) and bears a one-year coupon of 0.36%. The bonds are scheduled to mature on November 17, 2025.
Metaplanet has adopted MicroStrategy's strategy of borrowing at low interest rates to finance its investments in Bitcoin. The company is now the only Japanese representative on the list of the largest Bitcoin holders.
Metaplanet's BTC holdings are on the verge of surpassing Canaan, one of the leading Bitcoin mining machine manufacturers. At current BTC prices, the company now owns 1,018 BTC worth $92.6 million.
Meanwhile, MicroStrategy co-founder Michael Saylor has remained steadfast in his Bitcoin buying strategy, despite his company already owning $25.3 billion worth of Bitcoin. However, some experts have warned that the strategy of borrowing to buy Bitcoin may not be sustainable, with BitMEX Research recently warning that MicroStrategy could be forced to sell some of its Bitcoin if pressured by shareholders.
Despite the risks, this strategy has become a model for other businesses to turn to Bitcoin investments. According to Bitcoin Magazine, medical technology company Selmer Scientific also recently announced plans to issue more debt to finance future Bitcoin investments.
However, Bitcoin adoption in the corporate community is still in its infancy, with the number of companies outside the cryptocurrency industry participating still very limited.
Source: https://tapchibitcoin.io/metaplanet-nhat-ban-phat-hanh-them-trai-phieu-de-mua-bitcoin.html
