Metaplanet To Issue $11.3 Million In Bonds To Boost Bitcoin Reserves, Echoing MicroStrategy

Metaplanet Inc., also called Japan’s MicroStrategy, has announced the issuance of one-year bonds worth 1.75 billion yen ($11.3 million) to fund further Bitcoin purchases.

The The move was the latest in a string of aggressive measures taken by the company to purchase Bitcoin. The Tokyo Stock Exchange-listed company led by CEO Simon Gerovichreflects its bullish outlook for the king of cryptos by actively increasing its BTC positions.

The Bonds will mature on November 17, 2025.

Metaplanet Expands Bitcoin Reserves To $93.5 Million

Metaplanet’s latest filings reveal that its current Bitcoin reserves stand at 1,018.17 BTC, valued at around $93.5 million at today’s market prices. This Places the firm among Asia’s top corporate Bitcoin holders.

This The announcement comes after the company successfully raised 10 billion Japanese yen ($66 million) in its fundraising last week by exercising stock purchase rights. Metaplanet’s stock price edged up 0.81% to 1,994 yen. 

Its Stocks have risen by about 1,146% this year. Nikkei 225 Index declined by 1.09% over the same period.

Metaplanet’s use of traditional capital raising tools to strengthen its position in the booming cryptocurrency market mirrors that of MicroStrategy is the largest publicly traded corporate owner of Bitcoin, with a total of 279,420 BTC.

Other Notable corporate holders Bitcoin Included Marathon Digital With 27,562 BTC.

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