“Metaplanet raises funds to accelerate Bitcoin purchases, future market trends are worth关注！”
Metaplanet recently raised a total of 9.5 billion yen (approximately 60.6 million USD) through the issuance of two zero-interest bonds, aimed at accelerating its Bitcoin acquisition plan. The two bonds amount to 5 billion yen (31.9 million USD) and 4.5 billion yen (28.7 million USD), with maturity dates both set for June 16, 2025.
CEO Simon Gerovich disclosed that the raised funds will enable Metaplanet to execute its Bitcoin purchasing strategy ahead of schedule, originally planned for 2025. Since deciding to make Bitcoin its primary reserve asset in May of this year, Metaplanet has steadily increased its Bitcoin holdings. As of mid-December, Metaplanet holds approximately 1.14 million Bitcoins, estimated to be worth around 110 million USD at current prices.
Although Metaplanet's performance grew significantly by 2023% in 2023, its stock price on the Tokyo Stock Exchange fell by 4.24%, and it also experienced a nearly 10% drop during its debut on the OTCQX market in the United States. This performance raises questions about whether the market has doubts regarding its Bitcoin strategy.
Metaplanet's actions are similar to other listed companies like MicroStrategy, demonstrating a trend of traditional financial institutions gradually incorporating Bitcoin into their long-term strategies. Bond financing has become an effective means for accelerating Bitcoin purchases, further promoting the mainstreaming process of Bitcoin assets.
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