Bitcoin

Japan-based Metaplanet, listed on the Tokyo Stock Exchange, has announced plans to deepen its <a href="https://optimisus.com/news/crypto-news/key-details-from-microstrategys-recent-bitcoin-acquisition/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>investments. On November 18, the company revealed it would issue ¥1.75 billion (approximately $11.7 million) in one-year bonds at a 0.36% interest rate to fund additional BTC purchases. Already holding over 1,000 BTC, Metaplanet aims to cement its position as a leading Bitcoin treasury in Japan.Often compared to U.S.-based MicroStrategy for its aggressive Bitcoin acquisition strategy, Metaplanet has adopted &#34;BTC Yield&#34; as a key performance indicator. This mirrors MicroStrategy&#39;s approach, which has accumulated over 279,000 BTC at a cost exceeding $11.9 billion. Michael Saylor, MicroStrategy’s executive chairman, recently highlighted the firm&#39;s success in achieving a 26.4% BTC yield annually without the expenses typically associated with Bitcoin mining.To further engage stakeholders, Metaplanet has unveiled a shareholder benefits program in collaboration with partners like VC Trade, Hotel Royal Oak Gotanda, and Bitcoin Magazine. This initiative aims to provide exclusive perks and added value to shareholders.With its bond issuance and shareholder incentives, Metaplanet signals its commitment to Bitcoin as a strategic reserve asset, aligning itself with a growing trend of corporations leveraging BTC to drive long-term growth.

Metaplanet to raise over $11.7 million in bonds to buy Bitcoin (BTC)

Optimisus

Other articles published on Nov 19, 2024

UAE Leads Middle East in Digital Banking Innovation with $3.2 Trillion Assets and Blockchain Inte...

Hamster Kombat Loses 86% of Active Users: Possible Reasons

U.S. DOJ Investigating Polymarket for Alleged U.S. Citizen User Activity

BIT Mining Admits to Bribery Scandal, Faces $10M Fine

Solana To Hit $300 Fueled By 2025 ETF Launch Speculation and Market Optimism

Cardano (ADA) Price Could Rally to $6: Here’s Why

Join our free newsletter for daily crypto updates!