Metaplanet Plans to Buy More Bitcoin with $11.7M Bond Issuance

Japanese investment advisor Metaplanet is set to raise ¥1.7 billion (around $11.7 million) through a bond issuance, aiming to use the funds for further acquisitions of Bitcoin (BTC). This move underscores the company’s strong commitment to the cryptocurrency market, as it continues to expand its digital asset holdings.

The Tokyo Stock Exchange-listed firm announced that it would issue its third series of ordinary bonds, valued at ¥1.75 billion, with a relatively modest 0.36% annual interest rate. The bonds, which mature on November 17, 2025, are fully guaranteed by Simon Gerovich, Metaplanet’s president and representative director. To secure repayment, the bonds are backed by a first-priority mortgage on Hotel Royal Oak Gotanda, a property owned by Metaplanet’s subsidiary, Wen Tokyo Inc..

A Bold Bet on Bitcoin
Metaplanet’s bond issuance is a clear indication of its ongoing bet on Bitcoin as a cornerstone of its investment strategy. The decision to raise funds through debt rather than equity demonstrates the company’s belief in the long-term potential of Bitcoin, as well as its confidence in the stability of its current portfolio.

As part of the announcement, Metaplanet revealed that the financial impact of the bond issuance on its fiscal results is expected to be minimal. The company reassured stakeholders that there would be further updates if any material changes arise.

Shares Soar Amid Bitcoin Strategy
The news of the bond issuance had an immediate impact on Metaplanet’s stock price, which soared by 5% following the announcement on November 18. This spike reflects growing investor optimism surrounding the company’s Bitcoin-focused investment strategy and its efforts to expand its crypto holdings.

Shareholder Benefits Program
Metaplanet also unveiled a new shareholder benefits program designed to increase engagement and incentivize long-term investment. The program will offer various perks, including Bitcoin-related experiences and discounts through partnerships with major names in the crypto space, such as SBI VC Trade, The Bitcoin Conference, Bitcoin Magazine, Hotel Royal Oak Gotanda, and Webull Securities. This initiative aims to encourage deeper engagement from Metaplanet’s shareholder base while promoting greater adoption of Bitcoin among the broader public.

Rising Bitcoin Holdings
This latest move follows Metaplanet’s recent acquisition of 156.7 BTC, worth approximately ¥1.6 billion, which pushed its total Bitcoin holdings to 1,018 BTC. As the company continues to build its digital asset portfolio, it remains one of Japan’s most visible institutional players in the cryptocurrency space.

Metaplanet’s growing Bitcoin reserve positions the company to take advantage of the continued global interest in digital assets, with the potential for even greater returns in the years ahead. This latest funding round underscores their confidence in Bitcoin’s future and their strategy to leverage cryptocurrency as a long-term investment vehicle.