The post Metaplanet to Issue $26M in Bonds to Expand Bitcoin Holdings-Big Plans Ahead! appeared first on Coinpedia Fintech News
Metaplanet, dubbed as Japan’s Microstrategy has made a major announcement today. The company’s shift to a “Bitcoin-first strategy” has made it one of the top-performing stocks in Japan and worldwide. Notably, it has experienced a stunning 4,800% surge in its stock price over the past year.
In a latest announcement, Metaplanet revealed that it will issue 4 billion yen (approximately 26.3 million USD) in ordinary bonds to purchase more Bitcoin.
Metaplanet’s Bold Strategy
Metaplanet Inc. announced that, following a decision by its Board of Directors on February 10, 2025, it will issue its 6th Series of Ordinary Bonds to EVO FUND. They’re raising funds to buy Bitcoin, building on their earlier plans outlined in their January 2025 announcement. The company plans to use the proceeds from these stock rights to repay the bonds when due.
Notably, the total value of the bond issuance is JPY 4,000,000,000 (4 billion yen). This bond will not earn any interest, meaning the bondholder won’t receive periodic payments on the bond’s value. This is part of their bold strategy to ramp up their crypto investments.
Metaplanet To Accumulate 21,000 BTC
Metaplanet recently announced its 2024 financial results, revealing an unrealized gain of about $36 million from holding 1,761 BTC, which were purchased for $137 million.
Recently, Metaplanet had revealed plans to would accumulate 10,000 bitcoin (BTC) by the end of 2025 and 21,000 bitcoin by the end of 2026. Dylan LeClair, Director of Bitcoin Strategy at Metaplanet had noted: “Bitcoin is not just an asset; it’s the exit strategy. We’re here to accumulate and lead, not sell.”
The Bitcoin Hotel
As part of its crypto-focused strategy, Metaplanet will rebrand its last hotel in Tokyo’s Gotanda district as “The Bitcoin Hotel” in 2025. The hotel will host Bitcoin seminars and networking events to strengthen its crypto presence.
However, analysts caution that Metaplanet’s reliance on Bitcoin makes it highly volatile. Rhiannon Ewart-White, an equity analyst at Storm Research, notes that while the company is profitable through its hotel operations, a downturn in crypto markets could impact its financial stability due to its heavy dependence on BTC.
The post Metaplanet to Issue $26M in Bonds to Expand Bitcoin Holdings-Big Plans Ahead! appeared first on Coinpedia Fintech News
Metaplanet, dubbed as Japan’s Microstrategy has made a major announcement today. The company’s shift to a “Bitcoin-first strategy” has made it one of the top-performing stocks in Japan and worldwide. Notably, it has experienced a stunning 4,800% surge in its stock price over the past year. In a latest announcement, Metaplanet revealed that it will …
This articles is written by : Nermeen Nabil Khear Abdelmalak
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