Silver

Bitcoin

Million

Billion

Metaplanet Inc., often called Japan’s MicroStrategy, has announced the issuance of one-year bonds worth 1.75 billion yen ($11.3 million) to fund further Bitcoin purchases. 
The move marked the latest in a series of aggressive steps by the company to buy Bitcoin. The Tokyo Stock Exchange-listed company, led by CEO Simon Gerovich, has been actively expanding its BTC holdings, reflecting its bullish outlook on the king of cryptos. 
The bonds will mature on November 17, 2025. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 More <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> purchases incoming <a href="https://t.co/3N4Z364Pkt">https://t.co/3N4Z364Pkt</a> 
 — Simon Gerovich (@gerovich) <a href="https://twitter.com/gerovich/status/1858353145900122196?ref_src=twsrc%5Etfw">November 18, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="span-style-font-weight-400-metaplanet-expands-bitcoin-reserves-to-93-5-million-span">Metaplanet Expands Bitcoin Reserves To $93.5 Million</h2> 
Metaplanet’s latest filings reveal that its current <a href="https://insidebitcoins.com/news/bitcoin-price-analysis-as-btc-closes-on-100k-bitwise-sees-500k-ahead-and-traders-pile-into-the-best-crypto-wallet-ico-thats-blasted-past-250k">Bitcoin</a> reserves stand at 1,018.17 BTC, valued at around $93.5 million at today’s market prices. This places the firm among Asia’s top corporate Bitcoin holders. 
This announcement comes after the firm successfully raised 10 billion yen, or $66 million, in its fundraising last month by exercising stock acquisition rights. Metaplanet’s stock price edged up 0.81% to 1,994 yen.&nbsp; 
Its stock has soared about 1,146% so far this year, while the Nikkei 225 index declined 1.09% in the same period. 
Metaplanet’s use of traditional capital raising tools to strengthen its position in the booming cryptocurrency market mirrors that of <a href="https://insidebitcoins.com/news/microstrategy-buys-another-2-billion-bitcoin-taking-btc-hoard-past-23-billion-as-analysts-eye-btc-at-100k">MicroStrategy</a>, the leading publicly traded corporate holder of Bitcoin, with 279,420 BTC. 
Other notable corporate holders of Bitcoin include Marathon Digital with 27,562 BTC. 
<h2 id="related-articles">Related Articles</h2> 
<ul> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/michael-saylors-microstrategy-announces-42-billion-plan-to-increase-bitcoin-holdings">Michael Saylor’s MicroStrategy Announces $42 Billion Plan To Increase Bitcoin Holdings</a></li> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/bitcoin-price-eyes-100k-flips-silver-market-cap-after-microstrategy-buys-2-billion-btc-but-traders-flock-to-this-new-ico-for-parabolic-potential">Bitcoin Price Eyes $100K, Flips Silver Market Cap After MicroStrategy Buys $2 Billion BTC, But Traders Flock To This New ICO For Parabolic Potential</a></li> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/cathie-wood-sees-bitcoin-heading-for-650k-as-rfk-says-most-of-his-wealth-is-in-btc">Cathie Wood Sees Bitcoin Heading For $650K As RFK Says Most Of His Wealth Is In BTC</a></li> 
</ul>

Metaplanet To Issue $11.3 Million In Bonds To Boost Bitcoin Reserves, Echoing MicroStrategy

Table of Contents

Inside Bitcoins

Other articles published on Nov 18, 2024

Ignite Your Investments: Best Upcoming ICOs of the Year

Best Cryptos to Buy in November 2024: Qubetics Powers Past $2.2M, Filecoin Launches Layer 2 Initi...

Could Trump's Victory Boost XRP to $0.7 by 2025?

Top 5 altcoins that could potentially double a crypto portfolio by year-end

Trump’s 2024 Victory Sparks Dogecoin and PEPE Price Surges—Analysts Predict 3 Altcoins Will Follo...

Gear Up for the Bull Run’s Most Exciting Phase: 5 Coins About to Become Unstoppable for the Next ...

Join our free newsletter for daily crypto updates!