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Metaplanet has announced its intention to issue 1-year bonds to purchase new Bitcoin (BTC). The company listed in Tokyo is following the example of MicroStrategy from the USA in wanting to increase its reserve of Bitcoin.
Summary
Metaplanet announces the issuance of 1-year bonds to purchase new Bitcoin
Metaplanet, a financial consulting company in Japan, has announced that it is issuing new one-year bonds to purchase new Bitcoin.
“Metaplanet issues 1.75 billion yen in 1-year bonds at 0.36%, the proceeds will finance further purchases of $BTC*.”
In practice, Metaplanet intends to issue one-year ordinary bonds with a guarantee, totaling 1.75 billion yen (11.3 million dollars), at an annual interest rate of 0.36%.
This issue is the 3rd series of ordinary bonds issued by the company listed in Tokyo. In fact, just like the previous ones, the funds raised will also be used entirely to accumulate its already existing reserve of Bitcoin, with new purchases of BTC.
Metaplanet started purchasing BTC in April 2024, choosing Bitcoin as a form of store of value following some turbulence in the yen market. Since then, the company from Japan has accumulated 1,018 BTC worth 92.33 million dollars.
Metaplanet in Giappone like MicroStrategy in the USA: the Bitcoin (BTC) accumulation strategy
The latest Bitcoin (BTC) purchase by Metaplanet was just a month ago. In fact, Metaplanet purchased 1 billion yen of BTC, equivalent to 6.9 million dollars, strengthening its position in the Japanese crypto market.
Expanding the scenario globally, what Metaplanet is doing in Japan with bitcoin, is somewhat reminiscent of the strategy of the famous Business Intelligence company in the USA, MicroStrategy.
In fact, a few weeks ago, MicroStrategy announced its “21/21 plan” with the goal of raising 42 billion dollars to buy more BTC within the next three years.
Obviously, there is a huge difference between the two companies. While Metaplanet holds 1,018 BTC, MicroStrategy holds 279,420 BTC.
In this period of bull run crypto, which started with Trump’s victory in the USA 2024 presidential elections, the BTC wallet of MicroStrategy has exceeded 20 billion dollars. At the time of writing, the value has risen to over 25 billion dollars with the price of BTC above $90,000.
Bitcoin and crypto in the electoral campaigns
Apparently, not only are publicly traded companies interested in Bitcoin, but also the governments of countries that continue to support the crypto industry in their election campaigns.
Recently, the candidate for the presidency of Poland promised to create a strategic reserve of Bitcoin, if elected.
This is about Slawomir Mentzen, who has emerged as a future President favorable to crypto, following the example of Donald Trump. Not only that, Mentzen also seeks to follow the example of other countries like El Salvador and the Kingdom of Bhutan, which already have their own reserve of Bitcoin.