Metaplanet Ramps Up Bitcoin Strategy With 2 Billion Yen Bond Issuance

• Metaplanet has raised 2 billion yen through an interest-free bond to expand its Bitcoin portfolio.
• The company has recently acquired 162 more Bitcoin for its treasury.

Japanese investment company Metaplanet Inc. has said it plans to sell 2 billion yen, or about $13.4 million worth of interest-free regular bonds as part of its approach to acquiring Bitcoin. The action makes Metaplanet one of Asia’s largest corporate Bitcoin owners in a repeat of strategies first set by U.S.-based MicroStrategy.

Significantly, Metaplanet’s Board of Directors approved the issuance of its 8th Series of ordinary bonds. The entire bond issuance is being allocated to EVO FUND. Each bond carries a face value of 50 million yen, and bondholders are allowed early redemption options

The bonds are set for full redemption on September 11, 2025. Also, it aims to minimize the company’s debt service burden. To manage repayment, Metaplanet plans to exercise its 14th to 17th stock subscription rights

Bitcoin Treasury Surpasses 3,000 BTC

With the latest Bitcoin Treasury Operations, Metaplanet recently acquired an additional 162 BTC at an average purchase price of 12,393,669 yen per Bitcoin. Following this acquisition, the firm’s Bitcoin reserve now stands at 3,050 BTC

Conversely, Metaplanet has placed a very aggressive goal for its Bitcoin buying plan. The company plans to accumulate 10,000 BTC by the year 2025 and eventually achieve 21,000 BTC by 2026.

Furthermore, by issuing interest-free bonds and leveraging Japan’s low-interest rate environment, Metaplanet is employing a strategy similar to that of MicroStrategy, rebranded as Strategy

Metaplanet’s strategy has led to it being dubbed the “Asian MicroStrategy.” Ever since April 2024, the company has continually added to its Bitcoin reserves, making it a leading institutional player in the digital assets space.

Besides, the biggest asset, Bitcoin, has been on the bear wave for the past few days. BTC spiked by 1% at press time, trading at $82.3K. Daily trading volume has plunged by 20.21% to $47.27 billion.

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