Million

Japanese investment firm Metaplanet raised 9.5 billion yen ($60.6 million) through two bond issues this week to accelerate its bitcoin buying strategy.
<h2 id="japan-s-metaplanet-raises-61-million-through-bonds-to-accelerate-bitcoin-purchases">Japan’s Metaplanet Raises $61 Million Through Bonds to Accelerate Bitcoin Purchases</h2>
The Tokyo-listed company said today it issued a 5 billion yen ($31.9 million) bond as its fifth regular issue, complementing a 4.5 billion yen ($28.7 million) bond issue announced earlier this week. Both bonds are zero-interest and mature on June 16, 2025.
“These funds will accelerate Bitcoin purchases originally planned for 2025 into the current year,” Metaplanet CEO Simon Gerovich said on X (formerly Twitter).
Metaplanet has been actively increasing its Bitcoin holdings since announcing in May that it would adopt Bitcoin as a strategic treasury reserve asset. As of Dec. 18, the firm held approximately 1,142,287 BTC, worth approximately $110.3 million at current market prices.
Despite this bold move, Metaplanet’s shares on the Tokyo Stock Exchange closed down 4.24% today at 3,610 yen, according to Yahoo Finance. However, year-to-date stock performance remains impressive, up 2,023%.
The company also debuted on the U.S. OTCQX market this week. Shares closed down 9.96% on their first day of trading in the U.S., according to Google Finance.
Metaplanet’s Bitcoin-focused strategy is in line with trends seen at other public companies like MicroStrategy, which remains the largest public institutional Bitcoin holder with 439,000 BTC, according to BitcoinTreasuries.
Metaplanet’s aggressive bond-funded approach underscores the growing interest by traditional firms in leveraging Bitcoin as a core part of their financial strategies.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/japanese-investment-company-metaplanet-does-not-listen-to-the-drop-raised-60-million-to-buy-bitcoin-here-are-the-details/" rel="noopener noreferrer nofollow">Japanese Investment Company Metaplanet Does Not Listen to the Drop! Raised $60 Million to Buy Bitcoin! Here Are the Details</a>

Japanese Investment Company Metaplanet Does Not Listen to the Drop! Raised $60 Million to Buy Bitcoin! Here Are the Details

Table of Contents

Bitcoin Sistemi EN

Other articles published on Dec 20, 2024

Barclays-backed Copper withdraws UK crypto license application

Ethereum (ETH) Price Prediction For December 20

Harbour & Velocity Labs: Instant Euro On-Ramping to Polkadot

From Coffee Tips to $217K with Fantom Crypto: Could BlockDAG Be the Next Big Crypto Breakout?

Early Shiba Inu (SHIB) Investors Reap Huge Rewards – 3 Cryptos Positioned to Repeat Unbelievable ...

Binance's 62nd Launchpool Project: What Is Vana?

Join our free newsletter for daily crypto updates!