Metaplanet Announces $11.3m Bond Issuance to Buy More Bitcoin

Metaplanet, a Japanese investment adviser, has made headlines with its recent announcement to issue ¥1.7 billion in one-year 0.36% bonds in order to purchase more Bitcoin. This move comes as the company looks to double down on its Bitcoin strategy, with the issuance of a ¥1.75 billion ordinary bond, equivalent to around $11.7 million at the time of the press release.

The third series of ordinary bonds, exclusively allocated to EVO FUND, carries a 0.36% annual interest rate and is fully guaranteed by the company’s president and representative director, Simon Gerovich. The bonds are set to mature on November 17, 2025, with repayment secured through a first-priority mortgage on Hotel Royal Oak Gotanda, a property owned by Metaplanet’s subsidiary, Wen Tokyo Inc.

Following the announcement, Metaplanet shares on the Tokyo Stock Exchange saw a 5% increase, indicating positive investor sentiment towards the company’s Bitcoin investment strategy. This move reaffirms Metaplanet’s commitment to cryptocurrency as part of its broader investment portfolio.

In addition to the bond issuance, Metaplanet also unveiled a new shareholder benefits program, offering perks such as Bitcoin-related experiences and discounts in partnership with SBI VC Trade, The Bitcoin Conference, Bitcoin Magazine, Hotel Royal Oak Gotanda, and Webull Securities. This initiative aims to boost shareholder engagement and encourage long-term investment in the company.

This news comes on the heels of Metaplanet’s recent acquisition of 156.7 BTC for approximately ¥1.6 billion, bringing its total Bitcoin holdings to over 1,000 BTC. The company’s proactive approach to expanding its cryptocurrency portfolio reflects its confidence in the long-term potential of digital assets.

Overall, Metaplanet’s strategic moves in the cryptocurrency space demonstrate its forward-thinking approach to investment and its willingness to embrace emerging technologies. As the company continues to navigate the evolving landscape of digital assets, investors will be closely watching to see how these decisions impact its financial performance and market position in the coming months.