Metaplanet's Strategic Bitcoin Acquisition Through Bond Issuances

Metaplanet's Ambitious Bitcoin Strategy

Metaplanet Inc., often dubbed the Asian MicroStrategy, recently announced the issuance of a fourth series of ordinary bonds valued at 4.5 billion yen, approximately $30 million. This strategic move aligns with its ongoing commitment to acquiring Bitcoin (BTC). Over the past eight months, Metaplanet has steadily increased its BTC holdings by leveraging low-interest loans, demonstrating confidence in Bitcoin's growth potential.

Financial Details and Future Plans

The newly issued bonds carry an annual interest rate of 0, with a maturity date set for June 16, 2025. Redemption funds for these bonds will be sourced from profits generated by previously issued warrants. Metaplanet plans to continue and expand its Bitcoin acquisition strategy, aiming to issue private placement bonds totaling five billion yen in the future. This approach mirrors MicroStrategy's successful Bitcoin acquisition strategy, positioning Metaplanet as a prominent player among corporate Bitcoin holders in Japan.

Parallels with MicroStrategy's Approach

Metaplanet's strategy closely resembles MicroStrategy's, a company known for its extensive Bitcoin purchases. About a month ago, Metaplanet issued bonds worth ¥1.75 billion (approximately $12 million), with each bond priced at ¥43.75 million ($283,031) and carrying an interest rate of 0.36%. At that time, Metaplanet's Bitcoin holdings were nearing $100 million.

MicroStrategy, a business intelligence and software company, recently added 15,350 more Bitcoin to its holdings for $1.5 billion, maintaining its status as the largest corporate Bitcoin holder with 439,000 units. This parallel strategy underscores the growing trend of corporate Bitcoin acquisition as a financial strategy.