Metaplanet to issue 4.5 billion yen ($30M) in zero-interest bonds to fund Bitcoin purchases.
Metaplanet now holds 1,142 BTC, valued at $122.67M, as Asia’s largest corporate Bitcoin holder.
Tokyo-listed Metaplanet Inc., often referred to as Japan’s MicroStrategy, has announced the issuance of its fourth series of ordinary bonds worth 4.5 billion yen (approximately $30 million). The proceeds from the bonds will be directed toward purchasing Bitcoin (BTC), continuing the company’s strategic reserve asset expansion. The bonds carry a zero-interest rate and have a maturity date set for June 16, 2025.
*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
The bonds carry a zero interest rate and have a maturity date set for June 16, 2025. Metaplanet plans to redeem the bonds using funds raised from the exercise of previously issued warrants. This structured repayment plan reflects the company’s commitment to sustainable financial management while supporting its Bitcoin acquisition strategy. The approach reduces short-term financial strain and enables long-term growth.
Metaplanet has outlined plans for additional private placement bonds totaling 5 billion yen to further expand its Bitcoin reserves. These bonds will be issued to EVO FUND in one or multiple tranches. The proceeds will also be allocated exclusively for Bitcoin purchases, highlighting the company’s dedication to increasing its cryptocurrency holdings.
Metaplanet’s Bitcoin Strategy Fuels Stock Surge
Since adopting Bitcoin as a reserve asset in April 2024, Metaplanet has accumulated over 1,150 BTC, valued at approximately $122.67 million. This makes Metaplanet the largest corporate Bitcoin holder in Asia. The company’s strategy mirrors that of U.S.-based MicroStrategy, which recently acquired 15,350 BTC for $1.5 billion, bringing its total holdings to 439,000 BTC.
Metaplanet’s Bitcoin-focused strategy has also benefited its shareholders. The company’s stock price surged 51% over the last five trading sessions, reaching a record high of 4,270 yen. This rally boosted Metaplanet’s market capitalization to over $1 billion, marking a significant milestone. Trading volumes hit 27.8 billion yen (~$180 million), reflecting strong investor confidence.
The company recently partnered with SBI VC Trade Co., Ltd., a subsidiary of SBI Holdings, Inc., to launch a Bitcoin-focused shareholder rewards program. This initiative aims to provide additional value to shareholders, further aligning the company’s growth with investor interests.
Metaplanet’s consistent Bitcoin acquisitions underline its confidence in the cryptocurrency’s potential as a hedge against economic instability. The move aligns with a broader trend of institutional adoption, where companies use Bitcoin to mitigate risks like inflation and currency volatility.
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