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Metaplanet raises $26M in zero-interest bonds for Bitcoin buys

Metaplanet raises $26M in zero-interest bonds for Bitcoin buys

GrafaGrafa2025/02/14 09:30
By:Mahathir Bayena

Metaplanet, a Japanese Bitcoin (CRYPTO:BTC) investment firm, has secured 4 billion Japanese yen (approximately $26 million) through the issuance of zero-interest, unsecured, and unguaranteed bonds.

The company plans to use these funds to increase its Bitcoin reserves as part of its broader financial strategy.

The capital was backed by investment manager EVO Fund, and Metaplanet will not have to make interest payments on the bonds.

Metaplanet has announced plans to acquire 10,000 Bitcoin by the end of 2025 and increase its holdings to 21,000 by the end of 2026.

As of January 28, 2025, the company held approximately 1,762 BTC.

According to Metaplanet, its decision to acquire Bitcoin is due to Japan’s challenging economic environment, “characterised by high debt levels, prolonged real negative interest rates, and persistent yen depreciation.”

In a strategic move to enhance shareholder value and navigate Japan's economic instability, Metaplanet is not only channeling funds into direct BTC acquisitions, earmarking 107.3 billion yen for this purpose by early 2027, but is also dedicating 5 billion yen to support Bitcoin-based revenue streams until the end of 2025.

CEO Simon Gerovich announced that Metaplanet will join the MSCI Japan Index on February 28, 2025, a move expected to increase institutional investor interest and drive demand for its shares.

Metaplanet's stock price has risen significantly, and its market capitalisation has increased over the past year.

Metaplanet is reducing the amount of yen used to purchase BTC from 111.3 billion yen ($723 million) to 107.3 billion yen ($701 million).

At the time of reporting, the Bitcoin (BTC) price was $96,717.45.

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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.

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