As a seasoned researcher with a keen interest in the ever-evolving world of finance and technology, I find myself intrigued by this latest move by Metaplanet to borrow money for Bitcoin investments. It seems we have a new player in town, challenging the status quo and following the trailblazing example set by MicroStrategy.
Metaplanet, a prominent Japanese corporation, has revealed its intention to release a fresh batch of bonds valued at approximately ¥1.75 billion, which is equivalent to around $12 million.
Each Metaplanet bond carries a price tag of approximately ¥43.75 million or about $283,031. This bond yields an interest rate of 0.36%.
The latest series of bonds is set to mature on Nov. 17, 2025.
As an analyst, I find it intriguing that I’ve noticed a Japanese company adopting MicroStrategy’s strategy, which involves securing loans at favorable interest rates to bolster Bitcoin acquisitions. This strategic move underscores the company’s confidence in the potential growth of Bitcoin as a valuable asset.
Metaplanet is the only Japanese entry on the list of the leading corporate Bitcoin holders.
Currently, it appears to be heading towards outperforming Cannan, a significant player in the production of Bitcoin mining equipment.
According to the recent data, Metaplanet currently holds $92.20 million worth of Bitcoin.
Even so, MicroStrategy’s co-founder, Michael Saylor, remains resolute on his intention to keep purchasing Bitcoin, as their business intelligence company currently holds a worth of approximately $25.3 billion in this cryptocurrency.
On the other hand, some argue that the ongoing debt-to-Bitcoin tactic could potentially become untenable. Notably, BitMEX Research has expressed concern that MicroStrategy might be compelled to liquidate its Bitcoin holdings due to pressure from shareholders.
Even though this approach carries certain risks, it appears to be serving as a model for other businesses adopting Bitcoin investment strategies.
According to U.Today’s report, the medical technology company Selmer Scientific has expressed its plan to take on additional debt for the purpose of buying Bitcoins in the future.
It seems that corporate adoption of Bitcoin is still in its initial stages, as there are relatively few traditional businesses choosing to embrace it yet.
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2024-11-18 08:47