In a bid to grow its Bitcoin portfolio, Tokyo-listed Metaplanet announced a new debt issuance at a board meeting held on November 18.
The filing shows the company plans to sell one-year regular bonds worth 1.75 billion yen, or $11.3 million, with an annual interest rate of 0.36 percent. The entire amount collected will be allocated to Bitcoin purchases.
According to the official document, the bonds are structured with a maturity of one year, with repayment set for November 17, 2025, at their full face value of ¥100 for a denomination of ¥100. The drawing should take place immediately after the conclusion of all guarantee and guarantee agreements.
Proceeds from this bond issue are specifically earmarked for the purchase of Bitcoin, a move that aligns with the company’s strategy to increase its cryptocurrency reserves.
Metaplanet has closely followed in the footsteps of business intelligence firm MicroStrategy in implementing a financial approach centered around Bitcoin investments. The company began acquiring BTC in April 2024 to hedge against yen instability and concerns about the Japanese debt situation.
As of today, Metaplanet owns 1,018 BTC, currently valued at approximately $93 million, according to data compiled by Bitcoin Treasuries. He also leverages options trading to further grow his cryptocurrency holdings.
The Japanese investment firm’s Bitcoin stash still pales in comparison to that of MicroStrategy, with the latter recently increasing its holdings by 51,780 BTC, bringing its total to 331,200 BTC. The business intelligence giant remains the largest holder of corporate Bitcoin by far.
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