Metaplanet Inc. Issues $11.3M Bond to Buy Bitcoin

Japan’s Metaplanet Inc. is issuing $11.3 million in one-year bonds at a 0.36% annual interest rate to fund Bitcoin purchases. The bonds, approved by the board, will mature on Nov. 17, 2025.

Metaplanet Inc., a Japanese investment firm, has announced the issuance of one-year ordinary bonds in the amount of 1.75 billion yen ($11.3 million) to acquire additional bitcoin.

On Monday, the Tokyo-listed company announced that its board of directors had decided to issue the bonds at an annual interest rate of 0.36%. The funds raised are intended to be used to purchase bitcoin by the company. The redemption date has been established for November 17, 2025.

“More bitcoin purchases incoming,” Simon Gerovich, CEO of Metaplenet, wrote on X today.

Metaplanet has been on a bitcoin purchasing spree in recent months as a result of its May announcement to adopt bitcoin as a strategic treasury reserve asset. One of the largest corporate holders of bitcoin in Asia, the company currently holds 1,018.17 BTC, or approximately $93.5 million at current market prices, according to its most recent disclosure.

The firm completed its stock acquisition rights exercise last month, resulting in the collection of approximately 10 billion yen ($66 million).

The stock of Metaplanet closed at 1,994 yen, up 0.81%, on Monday in Japan. According to Google Finance, its stock price has increased by 1,146% year-to-date. Today, the Nikkei 225 index experienced a decline of 1.09%.

In the interim, BitcoinTreasuries data indicates that MicroStrategy is the greatest public corporate bitcoin holder, with a total of 279,420 BTC. Marathon Digital maintains this benchmark with 27,562 BTC.