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Sujit Kumar
Dec 17, 2024

Metaplanet Issues $30M Bonds to Buy More Bitcoin

Metaplanet
Metaplanet Inc., often dubbed the “Asian MicroStrategy,” has announced its fourth series of ordinary bonds valued at ¥4.5 billion ($30 million). The funds raised will once again be directed toward acquiring more Bitcoin (BTC) as part of the company’s ongoing investment strategy.

Bitcoin Acquisition Strategy Continues

Metaplanet has been consistently purchasing Bitcoin for the past eight months, leveraging low-interest borrowing to expand its holdings. The latest bonds, set at an annual interest rate of 0%, are expected to mature on June 16, 2025. Profits from previously issued warrants will be used to redeem the bonds upon maturity.

The company has outlined plans to issue additional bonds in the future, aiming for a total of ¥5 billion in private placement bonds. This strategy mirrors MicroStrategy’s Bitcoin investment playbook, further solidifying Metaplanet's position as Japan’s leading corporate Bitcoin holder.

Metaplanet and MicroStrategy's BTC Buying Spree

This announcement comes just a month after Metaplanet issued bonds worth ¥1.75 billion (around $12 million), priced at ¥43.75 million per bond with a 0.36% interest rate. At the time, Metaplanet held nearly $100 million worth of BTC.

Meanwhile, U.S.-based MicroStrategy recently bolstered its Bitcoin holdings, acquiring 15,350 BTC for $1.5 billion at an average price of $100,386 per Bitcoin. MicroStrategy now owns 439,000 BTC, maintaining its position as the largest corporate Bitcoin holder.

A Growing Bitcoin Playbook

Metaplanet’s aggressive bond strategy highlights its confidence in Bitcoin’s long-term value and its growing appeal as a corporate treasury asset. As institutional interest in Bitcoin continues to rise globally, Metaplanet is positioning itself to lead Japan’s crypto adoption wave.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Metaplanet Issues $30M Bonds to Buy More Bitcoin
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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