Bitcoin

Million

April

Billion

<ul class="wp-block-list">
 <li><strong>Metaplanet invests $12 million in Bitcoin to protect against Japan’s economic instability.</strong></li>
 <li><strong>The company adopts a debt financed Bitcoin strategy, inspired by MicroStrategy</strong>.</li>
</ul>
<p>Metaplanet, a Japanese public company, is boldly increasing its Bitcoin holdings through a ¥1.75 billion (roughly $12 million) bond issuance. Becoming Asia’s second-largest corporate holder of Bitcoin and using this strategy to deal with economic challenges.</p>
<p><a href="https://x.com/Metaplanet_JP/status/1858352792647225371" target="_blank" rel="noopener noreferrer nofollow">Metaplanet</a> currently owns 1,018 BTC, worth about $92.18 million, making up 19% of the company’s market value. Since April 2024, Bitcoin has been Metaplanet’s main treasury reserve. The company started with an initial purchase of 117.7 BTC for $7.19 million, followed by further acquisitions funded by loans. Including $6.8 million from MMXX Ventures and a $10 million investment in October for 156 BTC.</p>
<p>This steady accumulation has led the company to surpass Canaan, a leading Bitcoin mining machine manufacturer.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">*Metaplanet Issues ¥1.75 Billion in 1-year 0.36% Bonds, Proceeds to Fund Additional Purchases of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>* <a href="https://t.co/Jv3IEylplA" rel="noopener noreferrer nofollow">pic.twitter.com/Jv3IEylplA</a></p>— Metaplanet Inc. (@Metaplanet_JP) <a href="https://twitter.com/Metaplanet_JP/status/1858352792647225371?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 18, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h3 class="wp-block-heading" id="h-12-million-bond">$12 Million Bond</h3>
<p>Metaplanet is using Bitcoin to protect itself from Japan’s economic issues, including a weakening yen, high government debt, and low interest rates. With a fixed supply of 21 million coins, Bitcoin is seen as a hedge against inflation and a safer value store than traditional currency.</p>
<p>Metaplanet has raised ¥1.75 billion ($11.8 million) by issuing bonds at a low 0.36% interest rate, with the aim of purchasing more Bitcoin. The bonds were fully bought by EVO FUND, signaling strong investor support for this bold and risky strategy.</p>
<p>Metaplanet’s<a href="https://x.com/Metaplanet_JP/status/1858299882231984619" target="_blank" rel="noopener noreferrer nofollow"> bond</a> issuance is unsecured but backed by a first-priority mortgage on Hotel Royal Oak Gotanda, owned by its subsidiary Wen Tokyo Inc.</p>
<h3 class="wp-block-heading" id="h-inspired-by-microstrategy">Inspired by MicroStrategy</h3>
<p>The strategy closely follows MicroStrategy’s approach, where borrowing money to buy Bitcoin has become a key financial move. Metaplanet borrows money at a low interest rate of 0.36% to invest further in Bitcoin, making it the second largest corporate Bitcoin holder in Asia.</p>
<p>Metaplanet is investing heavily in Bitcoin to tackle economic challenges, despite Bitcoin’s price volatility. The company is making a bold statement about the future of digital finance in Japan.</p>
<h3 class="wp-block-heading" id="h-highlighted-crypto-news-today">Highlighted Crypto News Today:</h3>
<p><a href="https://thenewscrypto.com/will-xrp-reach-1-50-as-price-rallies-7-continuing-bull-run/" target="_blank" rel="noopener noreferrer nofollow">Will XRP Reach $1.50 as Price Rallies 7% Continuing Bull Run?</a></p>

Metaplanet $12 Million Bitcoin Strategy for Financial Stability.

Table of Contents

TheNewsCrypto

Other articles published on Nov 18, 2024

Coinbase CEO Brian Armstrong Supports Donald Trump’s DOGE Dept

Amidst Crypto Upsurge, Politicians Remain Optimistic About Bitcoin Outperforming Google’s Alphabet

Top 5 Gainers of the Week (November 11-18): BAN, SHOGGOTH, MIGGLES, PNUT, SOLO

Polish minister advocates support for Bitcoin strategic reserve

Weekly Crypto Hack Report: $30 Million Stolen in Just 7 Days!

Metaplanet Issues ¥1.75B Bonds to Buy More Bitcoin (BTC)

Join our free newsletter for daily crypto updates!