The Asian MicroStrategy, Metaplanet Inc., hasannounced the issuing of the fourth series of ordinary bonds worth 4.5 billion yen. They are valued at approximately $30 million, and like its other issuances, this fund will be directed toward purchasing more Bitcoin (BTC).
Metaplanet plans to uphold Bitcoin acquisition strategy
Metaplanet hasconsistently purchased BTC in the last eight months, borrowing at low interest rates to fund the exercise. The company also believes in the holding power of Bitcoin and its potential to keep growing.
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The annual interest rate of the bonds is 0, while the expected maturity date is June 16, 2025. Once profit is made from the previously issued warrant, the redemption funds of the bonds will be paid.
*Metaplanet to issue 4.5 billion yen in Ordinary Bonds to Accelerate Bitcoin Purchases; Repayment to be made from Warrant Exercise Proceeds* pic.twitter.com/oS93rD7uXk
— Metaplanet Inc. (@Metaplanet_JP) December 17, 2024
According to Metaplanet, it will continue its Bitcoin acquisition strategy for a while.
It plans to further expand its capital operation capabilities through multiple issuances in the future, totaling five billion yen in private placement bonds.
This is a clear replica of MicroStrategy’s Bitcoin playbook, and it has contributed significantly to making the financial leader the only Japanese entry on the list of the leading corporate Bitcoin holders.
Metaplanet and MicroStrategy Bitcoin buying spree
About a month ago, Metaplanetannounced the issuance of a new series of bonds worth about ¥1.75 billion, roughly around $12 million.
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Each bond was priced at ¥43.75 million, equivalent to $283,031, to pay an interest rate of 0.36%. At this time, the Japanese financial leader held almost $100 million worth of BTC.
MicroStrategy has also been buying more Bitcoin recently. On Monday, it added 15,350 more Bitcoin to the stash for $1.5 billion at an average price of $100,386 per Bitcoin.
The business intelligence and software company now holds 439,000 Bitcoin units, further maintaining its position as the largest Bitcoin holder.
