EddieJayonCrypto
13 Feb 25
Metaplanet Inc., a Japanese firm, has raised $25.9 million (¥4 billion) through the issuance of zero-interest, unsecured bonds. The funds are intended to expand its Bitcoin holdings to 21,000 BTC by 2026. Metaplanet has strategically shifted its financial management approach to adopt Bitcoin as its ...
Metaplanet Inc., a Japanese firm, has raised $25.9 million (¥4 billion) through the issuance of zero-interest, unsecured bonds. The funds are intended to expand its Bitcoin holdings to 21,000 BTC by 2026. Metaplanet has strategically shifted its financial management approach to adopt Bitcoin as its primary reserve asset, citing economic uncertainties in Japan. The company plans to redeem the bonds by August 2025 and use the funds to purchase Bitcoin.
In April 2024, Metaplanet made a strategic pivot towards Bitcoin, currently holding 1,761.98 BTC and aiming to increase it to 10,000 BTC by the end of 2025. The company also intends to continue its Bitcoin income generation business until December 2025. Additionally, Metaplanet will join the MSCI Japan Index, effective February 28, 2025, potentially increasing its exposure to institutional investors worldwide.