Metaplanet has issued a fourth series of bonds worth ¥4.5 billion ($30 million) to fund its Bitcoin purchases.
Metaplanet's low-interest borrowing has significantly elevated its position as one of the leading corporate Bitcoin holders in Asia, with its holdings nearing $100 million.
Metaplanet aims to issue additional private placement bonds totaling ¥5 billion, reinforcing its long-term commitment to Bitcoin as a key financial asset and strategy for stability.
Metaplanet Inc., the “Asian MicroStrategy,” has declared the fourth series of its yuan-denominated ordinary bonds with a value of ¥4.5 billion (approximately $30 million). The money received from this bond will be used to buy more bitcoins, an investment plan of the company.
https://twitter.com/Metaplanet_JP/status/1868901119709335721
The bonds which carry an annual interest rate of 0% per annum are due on June 16, 2025. This company has earlier issued warrants to fund the redemption of the bonds through profits made by Metaplanet. The company has remained keen on developing a systematic way of acquiring Bitcoins for the last eight months by using low-interest borrowing to buy more Bitcoins. This strategy shows that Metaplanet is confident with Bitcoin as an asset of the future.
Growing Corporate Presence in Bitcoin Holdings
Metaplanet’s aggressive Bitcoin acquisition strategy has significantly elevated its position among corporate Bitcoin holders in Asia. Its approach mirrors that of MicroStrategy, a U.S.-based business intelligence firm known for its substantial Bitcoin holdings. The consistent issuance of bonds has enabled Metaplanet to allocate increasing capital to BTC purchases. This has positioned it as the leading Japanese corporate holder of Bitcoin.
In its previous bond issuance, approximately one month ago, Metaplanet raised ¥1.75 billion through private placements. Each bond was priced at ¥43.75 million with an annual interest rate of 0.36%. This strategy was backed in, particularly by Metaplanet, which at this time held nearly 100 million US dollars in Bitcoins.
MicroStrategy has continued its Bitcoin purchase recently acquiring 15,350 BTC for $1.5 billion, $100,386 per Bitcoin. This added its total holdings to 439K BTC making it the largest corporate holder of the cryptocurrency in the world.
Future Plans for Bond Issuance and Bitcoin Expansion
Metaplanet has expressed plans to continue expanding its capital operations through multiple bond issuances in the future. The company aims to raise an additional ¥5 billion via private placement bonds, demonstrating its long-term commitment to Bitcoin acquisition as part of its broader financial strategy.
This approach highlights Metaplanet’s efforts to leverage low-cost borrowing to build its Bitcoin reserves while enhancing its financial stability. The company’s ongoing bond programs reflect a strategic alignment with its vision of maximizing Bitcoin’s potential as a key asset.
As institutional interest in Bitcoin continues to grow, Metaplanet’s position as a major corporate BTC holder in Asia. The company’s structured and consistent investment approach is expected to play a pivotal role in its future financial growth and stability.
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