Metaplanet plans to issue $11.3 million in bonds to boost its Bitcoin portfolio
Tokyo-listed Metaplanet has announced the issuance of 1.75 billion yen (about $11.3 million) of ordinary bonds with an annual interest rate of 0.36%, with the aim of financing the purchase of Bitcoin.
The bonds will be redeemed on November 17, 2025, at the full face value of 100 yen per class.
This issuance comes as part of Metaplanet’s strategy to boost its Bitcoin portfolio, which began building its reserves since April 2024, as the company currently owns 1,018 BTC worth about $93 million.
The company relies on Bitcoin as a hedge against yen volatility and local economic risks, and supports its investments through options trading to increase its returns.
Despite its efforts, Metaplanet’s holdings remain small compared to MicroStrategy, which owns 331,200 BTC, making it a leader in this field.
Metaplanet’s move reflects a growing adoption of cryptocurrencies as part of a strategy to diversify assets and take advantage of a low interest rate environment.
