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

Metaplanet
Inc.,
often
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
move
marked
the
latest
in
a
series
of
aggressive
steps
by
the
company
to
buy
Bitcoin.
The
Tokyo
Stock
Exchange-listed
company,
led
by
CEO
Simon
Gerovich,
has
been
actively
expanding
its
BTC
holdings,
reflecting
its
bullish
outlook
on
the
king
of
cryptos.

The
bonds
will
mature
on
November
17,
2025.

More

#bitcoin
purchases
incoming

https://t.co/3N4Z364Pkt

—
Simon
Gerovich
(@gerovich)

November
18,
2024

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
announcement
comes
after
the
firm
successfully
raised
10
billion
yen,
or
$66
million,
in
its
fundraising
last
month
by
exercising
stock
acquisition
rights.
Metaplanet’s
stock
price
edged
up
0.81%
to
1,994
yen. 

Its
stock
has
soared
about
1,146%
so
far
this
year,
while
the
Nikkei
225
index
declined
1.09%
in
the
same
period.

Metaplanet’s
use
of
traditional
capital
raising
tools
to
strengthen
its
position
in
the
booming
cryptocurrency
market
mirrors
that
of


MicroStrategy,
the
leading
publicly
traded
corporate
holder
of
Bitcoin,
with
279,420
BTC.

Other
notable
corporate
holders
of
Bitcoin
include
Marathon
Digital
with
27,562
BTC.

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