Metaplanet Inc. Issues Fourth Series of Bonds

U.Today – The Asian MicroStrategy, Metaplanet Inc., has announced the issuance of the fourth series of ordinary bonds worth 4.5 billion yen (approximately $30 million). This fund will be directed towards purchasing more Bitcoin (BTC).

Metaplanet Plans to Uphold Bitcoin Acquisition Strategy

Metaplanet has consistently purchased BTC over the last eight months, borrowing at low interest rates to fund these acquisitions. The company believes in Bitcoin’s holding power and growth potential.

• Bond Details: Annual interest rate is 0%, with an expected maturity date of June 16, 2025. Redemption funds of the bonds will be paid once profits are made from previously issued warrants.
• Metaplanet intends to continue its Bitcoin acquisition strategy and plans to expand its capital operation capabilities through multiple future issuances totaling five billion yen in private placement bonds.

This approach mirrors MicroStrategy’s Bitcoin strategy and has positioned Metaplanet as a notable player among corporate Bitcoin holders in Japan.

Metaplanet and MicroStrategy Bitcoin Buying Spree

About a month ago, Metaplanet announced the issuance of a new series of bonds worth about ¥1.75 billion (approximately $12 million), with each bond priced at ¥43.75 million, or $283,031, at an interest rate of 0.36%. At this time, Metaplanet held nearly $100 million worth of BTC.

Concurrently, MicroStrategy added 15,350 more Bitcoin to its holdings for $1.5 billion at an average price of $100,386 per Bitcoin. MicroStrategy now holds 439,000 Bitcoin units, solidifying its status as the largest Bitcoin holder.

This article was originally published on U.Today