Metaplanet Announces $26 Million Bond Issue for Bitcoin Purchase
Metaplanet schedules its JPY 4 billion ($26.35 million) bond issuance for early February, with plans for redemption in August.
*Metaplanet to issue ¥4.0 Billion in Ordinary Bonds to Purchase Additional Bitcoin* pic.twitter.com/flJqnWR9lT
— Metaplanet Inc. (@Metaplanet_JP) February 10, 2025
According to a recent social media post by Metaplanet, the company will use the funds from this “Metaplanet Inc. 6th Series of Ordinary Bonds” issuance exclusively for purchasing Bitcoin.
Bond Issuance Set for February with August Redemption
The bond is set to be issued on Feb. 13, 2025, with the company planning a straightforward redemption process by Aug. 12 of the same year.
Each bond, purchased at face value, will be redeemed at an equivalent amount, indicating a non-interest- bearing structure.
This financial move is part of Metaplanet’s strategic allocation of resources towards digital assets, specifically Bitcoin, to leverage potential in the cryptocurrency market.
The company also published a notice to reveal other details of the bond, including its face value per bondFace Value per Bond at JPY 250 million ($1.65 million).
Metaplanet’s Stock Skyrockets 4,000% with Bitcoin Investment Strategy
Metaplanet recently experienced a 4,000% surge in stock value, attributed primarily to its strategic pivot to a Bitcoin-centric investment model.
This approach has resonated strongly in the financial markets, mirroring successful strategies used by companies like MicroStrategy.
The company’s stock is now the best-performing in Japan, according to TradingView.
This performance underscored the positive market reaction to Metaplanet’s significant investments in Bitcoin, aligning with broader trends in digital currency adoption by corporations.
In an ambitious move, Metaplanet has announced plans to expand its Bitcoin holdings to 10,000 BTC by the end of 2025.
This initiative is part of a broader strategy to capitalize on the cryptocurrency’s potential for high returns.
The shift towards Bitcoin has also led to a dramatic increase in Metaplanet’s shareholder base, which grew by 500% in 2024. This growth indicated growing investor confidence in the company’s cryptocurrency-focused strategy.
“Companies that have seen their stock struggle, often because their business models are not particularly compelling in the eyes of many investors, have opted to follow MicroStrategy’s lead,” said Mark Palmer, senior equity research analyst at The Benchmark Company.
This bond issuance could deepen Metaplanet’s foothold in the Bitcoin market, underscoring a long-term strategic commitment that analysts are eager to examine.
Source: cryptonews.com
