coinspress.com
Tokyo-listed Metaplanet is ramping up its Bitcoin acquisitions with a bold move to issue bonds worth 1.75 billion yen (about $11.3 million).
The funds raised will be exclusively used to increase the company’s Bitcoin holdings, following a strategy similar to the one employed by U.S. firm MicroStrategy.
Metaplanet, which ventured into Bitcoin investments in April 2024, aims to use the cryptocurrency as a safeguard against Japan’s rising national debt and the instability of the yen. Since making its initial purchase, the company has accumulated over 1,000 BTC, valued at approximately $92 million. To further strengthen its Bitcoin position, Metaplanet has also incorporated options trading into its strategy.
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This approach closely mirrors that of MicroStrategy, a leading U.S.-based intelligence firm that has regularly leveraged debt financing to boost its Bitcoin stash. This strategy has helped MicroStrategy become the largest corporate holder of Bitcoin. Metaplanet’s expanding Bitcoin reserve highlights the growing institutional interest in digital assets as a hedge against economic uncertainty.
In Japan’s unique financial environment, Metaplanet’s actions may spark a wider trend among local companies seeking to diversify their reserves into cryptocurrency.