Metaplanet to buy more Bitcoin with $11.3m bond issuance

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As a seasoned financial analyst with over two decades of experience in the global market, this news from Metaplanet has caught my attention. The Japanese investment adviser’s commitment to Bitcoin and its strategic moves to expand its holdings are quite intriguing. The issuance of bonds to fund additional BTC acquisitions is a bold move, especially given the current volatile market conditions.

Metaplanet, a Japanese financial advisor, has unveiled its intention to sell ¥1.7 billion worth of one-year, 0.36% bonds to boost its Bitcoin holdings.

The Tokyo-based company, Metaplanet, which trades on the stock exchange, is strengthening its Bitcoin (BTC) investment plan by releasing a ¥1.75 billion bond, equivalent to approximately $11.7 million at the time of publication, to finance further purchases of Bitcoin.

In simpler terms, the third set of common bonds has been exclusively assigned to EVO FUND. These bonds yield an annual return of 0.36% and are backed personally and officially by the company’s president and main director, Simon Gerovich, as stated in a document filed with regulators on November 18th.

As an analyst, I’m reporting that Metaplanet has recently issued ¥1.75 billion worth of 1-year bonds with a yield of 0.36%. These funds are earmarked for the purpose of further investments in Bitcoin (BTC).

— Metaplanet Inc. (@Metaplanet_JP) November 18, 2024

The debt is set to be paid back on November 17, 2025. This repayment will be ensured by a primary mortgage on the Hotel Royal Oak Gotanda, a property belonging to Metaplanet’s affiliate, Wen Tokyo Inc.

Amid the news, Metaplanet shares on the Tokyo Stock Exchange soared 5%.

This action clearly demonstrates the Japanese firm’s dedication to cryptocurrency as a key component in their overall investment strategy. Furthermore, Metaplanet has given its shareholders confidence that the financial implications of this offering on their annual earnings “should be relatively small.” They have also mentioned they might provide additional information if significant changes occur in the future.

Presenting the Metaplanet Stockholder Privileges Program – Unique Advantages Reserved for Our Stockholders!

— Metaplanet Inc. (@Metaplanet_JP) November 18, 2024

As a researcher, I’m excited to share that Metaplanet has unveiled an innovative Shareholder Benefits Program. This program aims to reward our shareholders with unique experiences and discounts related to Bitcoin, in collaboration with SBI VC Trade, The Bitcoin Conference, Bitcoin Magazine, Hotel Royal Oak Gotanda, and Webull Securities. The goal is to foster increased engagement among our shareholders and inspire long-term investment in our vision.

After purchasing around 156.7 Bitcoins for roughly 1.6 billion yen, Metaplanet now owns a total of 1,018 Bitcoins, surpassing the 1,000 Bitcoin mark.

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2024-11-18 10:28