Japanese investment firm Metaplanet announced on Monday its plan to issue a third series of ordinary bonds, targeting ¥1.75 billion ($11.3 million) to fund additional Bitcoin acquisitions.
The bonds, offering a 0.36% annual interest rate, are guaranteed by the company’s director and are set to mature in November 2025. While not directly collateralized, bondholders are provided security through the land and building of the Hotel Royal Oak Gotanda, owned by Metaplanet subsidiary Wen Tokyo. A first-priority mortgage ensures financial claims against the guarantor can be covered.
Bitcoin Holdings and Strategy
Metaplanet’s Bitcoin portfolio recently surged to 1,018 BTC, valued at over $64 million, following a $28 million valuation gain. The company has positioned itself as a significant Bitcoin corporate holder in Asia.
Inspired by MicroStrategy’s pioneering approach to Bitcoin investments, Metaplanet has adopted a similar strategy, utilizing Bitcoin as a treasury reserve asset to enhance shareholder value.
MicroStrategy Strengthens its Lead
MicroStrategy remains the largest corporate Bitcoin holder globally. The company recently acquired 27,200 BTC, bringing its total holdings to 279,420 BTC, purchased at an aggregate cost of $11.9 billion.
Despite expenses weighing on its financial performance, Metaplanet continues to focus on Bitcoin as a key component of its long-term financial strategy
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