Metaplanet Bitcoin Bond Japan Firm Issues $11.3M For BTC

Key Points:

• Metaplanet Bitcoin Bond boosts holdings, issuing $11.3M bonds for BTC.
• Tokyo firm holds 1,018 BTC, aiming to expand through bond issuance.

Metaplanet Bitcoin Bond highlights Japan’s Metaplanet issuing $11.3M bonds to purchase more bitcoin, strengthening its treasury reserve strategy with over 1,018 BTC.

Metaplanet Bitcoin Bond Fuels Strategic BTC Purchases

Tokyo-listed investment firm Metaplanet has announced that it has issued bonds worth $11.3 million to add more stock of bitcoin. The company declared a one-year bond with an annual interest of 0.36%, which will mature in November 2025. Regarding this, Metaplanet made bitcoin a necessary treasury reserve asset in the firm this year.

It currently holds over 1,018 BTC worth $93.5 million, placing it among Asia’s largest corporate holders of the asset. The chief executive officer of the investment firm announced the development on X, saying: “More bitcoin purchases incoming”. All this makes the company’s tendency toward Bitcoin more vital for corporate treasury diversification in Asia, according to The Block.

Read more: Metaplanet Bitcoin Holdings Helps Company Earn $28 Million in Profit

Metaplanet Bitcoin Bond Boosts BTC Holdings in Asia

In a highlight move, Metaplanet issued bonds worth $11.3 million to buy more Bitcoin. The funds will be used to extend its strategic adoption of BTC as a reserve asset. The firm’s latest filings show its bitcoin reserves at 1,018 BTC, making the company one of the biggest holders in Asia.

The bond issue follows Metaplanet’s earlier $66 million raise of capital through the exercise of stock acquisition rights. In this way, Metaplanet expands its focus on Bitcoin, leveraging it as a digital store of value while simultaneously engendering investor confidence in its long-term financial strategy.