Japan’s MicroStrategy to Issue 4.5 Billion Yen Bonds to Buy Bitcoin

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As a seasoned financial analyst with over two decades of experience under my belt, I find myself intrigued by the aggressive Bitcoin acquisition strategies of Japanese players like Metaplanet Inc. and MicroStrategy. The relentless pursuit of digital gold by these companies is akin to a modern-day gold rush, albeit with a significantly lower carbon footprint.

Metaplanet Inc., a Japanese company based in Asia, has declared the release of a new series of ordinary bonds worth about 4.5 billion yen, which is roughly equivalent to $30 million. Similar to their previous bond issues, these funds will be utilized for the purpose of investing further in Bitcoin (BTC).

Metaplanet plans to uphold Bitcoin acquisition strategy 

Over the past eight months, Metaplanet has regularly acquired Bitcoins, taking advantage of low-interest loans to finance these purchases. Moreover, they are confident in Bitcoin’s ability to maintain value and continue expanding.

The yearly return on these bonds is zero, with a planned maturity date set for June 16, 2025. When earnings are realized from the earlier-issued warrants, the redemption money from the bonds will be distributed.

Metaplanet will sell 4.5 billion yen worth of bonds to quicken the acquisition of Bitcoins, and they plan to repay this debt using the funds obtained from exercising warrants.

— Metaplanet Inc. (@Metaplanet_JP) December 17, 2024

According to Metaplanet, it will continue its Bitcoin acquisition strategy for a while. 

The company intends to grow its capital operations by offering additional bond issues worth a total of 5 billion yen in private placements in the future.

This strategy closely mirrors MicroStrategy’s approach with Bitcoin, and it has played a substantial role in making this financial giant the sole Japanese representative among top corporate Bitcoin holders.

Metaplanet and MicroStrategy Bitcoin buying spree

Approximately a month past, Metaplanet declared the release of a fresh bond series valued at approximately ¥1.75 billion, which is equivalent to nearly $12 million.

Each bond carried a value of approximately 43,750,000 yen, which is equivalent to around $283,031, offering an interest rate of 0.36%. At that point in time, this leading figure in Japanese finance held nearly $100 million in Bitcoin.

Lately, MicroStrategy has been acquiring even more Bitcoin. On a recent Monday, they purchased an additional 15,350 Bitcoins, costing them approximately $1.5 billion, with each Bitcoin averaging around $100,386 in price.

As an analyst, I can confirm that we currently possess approximately 439,000 units of Bitcoin, solidifying our standing as the foremost Bitcoin holder in the business intelligence and software sector.

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2024-12-17 13:27