Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Metaplanet Issues ¥1.75B Bonds to Buy More Bitcoin (BTC)

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

CryptotaleCryptotale2024/11/18 02:00
By:CryptoTale Staff
Metaplanet Issues ¥1.75B Bonds to Buy More Bitcoin (BTC) image 0
  • Japanese firm Metaplanet announces ¥1.75B bond issuance for Bitcoin purchases.
  • The company has announced its plans to raise funds through guaranteed ordinary bonds.
  • Metaplanet currently holds 1,018.17 BTC after the recent purchase of 156.783 BTC in October.

Metaplanet has announced the issuance of its 3rd series of guaranteed ordinary bonds worth ¥1.75 billion ($11.3 million). The company stated that the funds raised would be used to buy more Bitcoin. The latest decision to issue the bond was following a Board of Directors meeting held on November 18, 2024.

*Metaplanet Issues ¥1.75 Billion in 1-year 0.36% Bonds, Proceeds to Fund Additional Purchases of $BTC* pic.twitter.com/Jv3IEylplA

— Metaplanet Inc. (@Metaplanet_JP) November 18, 2024

The company stated that the bonds will carry an annual interest rate of 0.36% and are set to mature on November 17, 2025. The announcement follows Metaplanet’s recent Bitcoin purchase of 156.783 BTC on October 28. On that day, the BTC was acquired at an average price of 10,205,188 yen ($65,961) per Bitcoin.

This latest acquisition, totaling approximately 1.6 billion yen ($10.34 million), has pushed the company’s total Bitcoin holdings to 1,018.17 BTC. Historical purchase data reveals Metaplanet’s strategic accumulation pattern. They started out their Bitcoin purchasing spree on April 23, 2024, by acquiring 97.850 BTC at 10,219,526 yen ($66,062) per Bitcoin.

Metaplanet is referred to as Asia’s MicroStrategy for its Bitcoin purchase decision. Despite the market turmoil, the firm has been purchasing Bitcoin over the past months.The company’s aggregate cost basis for its total holdings stands at 9.622 billion yen ($62.3M), with an average purchase price of 9,450,746 yen per Bitcoin ($61,084).

The value of their current Bitcoin holdings stands at $92.8 million, with an unrealized gain of $30 million. Metaplanet’s announcement to issue bonds to buy additional BTC comes as Bitcoin reaches a new all-time high of $93,434. 

Metaplanet’s venture into the Bitcoin ecosystem is not limited to its Bitcoin purchase. The company’s CEO, Simon Gerovich, also announced the launch of the Metaplanet Shareholder Benefits Program. The program will provide exclusive privileges to their shareholders. In addition, the company stated that the program will help introduce more people to the Bitcoin ecosystem.

As part of the program, Metaplanet has also planned a Bitcoin giveaway with prizes totaling ¥30 million ($193,000). Simon had also announced on X that more Bitcoin purchases are incoming. Metaplanet’s commitment to accumulate Bitcoin comes amidst the bullish market conditions. With its continued Bitcoin purchase, the Asian company stands out with its Bitcoin strategy.

The post Metaplanet Issues ¥1.75B Bonds to Buy More Bitcoin (BTC) appeared first on CryptoTale.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — KITE/USDT, MMT/USDT!

Bitget Announcement2025/11/07 01:55

STABLEUSDT now launched for pre-market futures trading

Bitget Announcement2025/11/06 15:11

CandyBomb x TRUST: Trade futures to share 200,000 TRUST!

Bitget Announcement2025/11/06 12:00

CandyBomb x TRUST: Trade to share 1,580,000 TRUST!

Bitget Announcement2025/11/05 10:00