Metaplanet Inc., a prominent financial company in Asia, has announced the issuance of its fourth bond batch worth 4.5 billion yen (approximately 30 million dollars). Like previous issuances, the funds raised from this issuance will be used to buy more Bitcoin (BTC).
The company continues to maintain its strategy of buying Bitcoin, which it has been implementing for the past eight months, through low-interest loans. Metaplanet believes in the stability and growth potential of Bitcoin, while affirming its long-term commitment to this digital asset.
The annual interest rate of the bonds is set at 0%, with the expected maturity date being June 16, 2025. When profits are obtained from previous bond issuances, the repayment amount will be paid to the bondholders.
Metaplanet will continue its strategy of buying Bitcoin in the future and plans to expand its financing capabilities through subsequent bond issuances, with a total value potentially reaching 5 billion yen. This is a similar strategy to MicroStrategy and has helped Metaplanet become the only Japanese company listed among the largest Bitcoin holders.
Previously, about a month ago, Metaplanet also announced the issuance of bonds worth 1.75 billion yen (approximately 12 million dollars), with each bond valued at 43.75 million yen (283,031 dollars) and an interest rate of 0.36%. At that time, the company held nearly 100 million dollars in BTC.
At the same time, MicroStrategy also increased its Bitcoin reserves by purchasing an additional 15,350 BTC worth 1.5 billion dollars, equivalent to an average price of 100,386 dollars per Bitcoin. Currently, MicroStrategy holds 439,000 Bitcoin, continuing to maintain its position as the largest Bitcoin-holding organization.
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