Japanese investment firm Metaplanet Inc. raised $60.6 million through bond issuances to accelerate Bitcoin purchases originally planned for 2025. The bonds, maturing in 2025, aim to boost the firm’s Bitcoin acquisition strategy this year.
Metaplanet Inc., a Japanese investment firm, has issued two tranches of bonds this week, raising 9.5 billion yen ($60.6 million) to “accelerate bitcoin purchases.”
The Tokyo-listed company announced today that it has resolved to issue a fifth ordinary bond in the amount of 5 billion yen ($31.9 million), in addition to the 4.5 billion yen ($28.7) bond issuance that was announced on Tuesday. Both bonds will mature on June 16, 2025, and they do not bear interest.
Simon Gerovich, CEO of Metaplanet, stated in a post on X today that the funds will expedite the purchase of Bitcoin (BTC) BTC -3.12%, which were originally scheduled for 2025, into the current year.
Metaplanet Inc. Bitcoin Possession
Following its May announcement to incorporate bitcoin as a strategic treasury reserve asset, the organization has been engaged in an unprecedented bitcoin acquisition binge in recent months. Approximately 1,142.287 BTC, or approximately $110.3 million based on current market prices, were in its possession as of Dec. 18.
According to Yahoo Finance, Metaplanet’s stock closed at 3,610 yen on Friday, a 4.24% decrease on the Tokyo Stock Exchange. Year-to-date, its stock price has increased by 2,023%. Today, the Nikkei 225 index experienced a 0.2% decline.
On Thursday, the company’s shares were also listed on the U.S. OTCQX market. According to Google Finance, the shares experienced a 9.96% decline in value at the close of their initial U.S. trading day.
MicroStrategy continues to be the largest public corporate bitcoin holder, with 439,000 BTC in possession, as indicated by data from BitcoinTreasuries.
