Metaplanet Turns To Bitcoin With Massive 4.5 Billion Yen Bonds

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As a seasoned crypto investor with a decade-long journey through the digital asset landscape, I find Metaplanet Inc.’s aggressive Bitcoin acquisition strategy intriguing. Having witnessed MicroStrategy’s foray into BTC and its subsequent success, it’s fascinating to see another company following suit, especially one listed on the Tokyo Stock Exchange.

Metaplanet Inc., a publicly listed company on the Tokyo Stock Exchange, is boosting its initiatives to expand its Bitcoin holdings. As per various sources, this Japanese Bitcoin advisory firm has launched ¥4.5 billion ($30 million) worth of interest-free bonds to fund its Bitcoin procurement plans.

On December 17th, the company announced details about their latest bond issue on their official website. This is the fourth installment in the series and has been officially titled “Metaplanet Inc. 4th Series Ordinary Bonds.

In total, the company holds bonds valued at approximately 4.5 billion yen, with each bond priced at 2.5 billion yen. As stated in their disclosure, these bonds do not accrue interest and are set to mature on June 16th, 2025.

Metaplanet is planning to release 4.5 billion yen through the issuance of ordinary bonds for the purpose of quickening their Bitcoin acquisitions. The repayment for these bonds will be sourced from the proceeds generated by exercising warrants.

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

Metaplanet And Its Quest To Become Asia’s Biggest Bitcoin Holder

1) In December, Metaplanet is issuing its fourth bond offering, with funds earmarked for their Bitcoin investment strategy. Being a public company, Metaplanet views Bitcoin as a key reserve asset and intends to employ any surplus capital by investing it in Bitcoin.

Based on their company’s statement, they are adopting a shift towards Bitcoin due to its distinctive features, like scarcity and non-political monetary regulations.

The recent bond offering forms a key component of the company’s strategic ambition to emerge as the leading Bitcoin owner within the region. As per their public statement, these bonds will be distributed incrementally, enabling the company to gather funds for Bitcoin acquisitions.

A Strategic Plan To Boost Bitcoin Holdings

In April 2024, Metaplanet Inc. commenced purchasing Bitcoin. Currently, this Japanese company has accumulated a total of 1,150 Bitcoins, which equates to approximately $122.67 million. Notably, their investment strategy mirrors that of MicroStrategy, spearheaded by Michael Saylor.

The company plans to speed up its investment in digital assets by selling zero-interest bonds. By doing this, the company can tackle immediate financial concerns and utilize the newly acquired funds to expand its digital asset portfolio. This move is advantageous for investors too, as they will receive these bonds at a reduced price but will be fully repaid when they mature.

In response to these latest happenings, the market has shown strong approval; over the past five days, the company’s shares skyrocketed by an impressive 51%. This significant increase has boosted the company’s market value to exceed $1 billion, with its shares peaking at a high of ¥4,270. The CEO of Metaplanet Inc., Simon Gerovich, is delighted by the extremely positive response from the market regarding this strategic move.

Metaplanet And BTC Rewards Program

In addition to its strategy for bond offerings, Metaplanet unveiled their Bitcoin Rewards Program. Notably, the company has established a $199,500 prize pool worth ¥30 million, which will be given out to shareholders owning at least 100 shares by December 31, 2024.

Through a lottery process, the company plans to choose 2,350 shareholders who will each receive different quantities of Bitcoins.

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2024-12-19 05:11