Japan’s Metaplanet announces $11.3 million bond issuance to purchase more bitcoin
2024-11-18

Japanese investment firm Metaplanet Inc. announced the issuance of one-year ordinary bonds totaling 1.75 billion yen ($11.3 million) to purchase additional bitcoin.
The Tokyo-listed company said on Monday that its board of directors had resolved to issue the bonds for an annual interest rate of 0.36%, with the funds raised intended to be used for purchasing bitcoin. The redemption date is set for Nov. 17, 2025.
“More bitcoin purchases incoming,” Simon Gerovich, CEO of Metaplenet, wrote on X today.
Metaplanet has been on a bitcoin buying spree in recent months following its May announcement to adopt bitcoin as a strategic treasury reserve asset. Its latest disclosure showed that the company currently holds 1,018.17 BTC, or about $93.5 million at current market prices, making it one of the largest corporate holders of bitcoin in Asia.
Last month, the firm raised about 10 billion yen ($66 million) by completing its stock acquisition rights exercise.
Metaplanet’s stock closed up 0.81% at 1,994 yen on Monday in Japan. Its stock price has risen 1,146% year-to-date, according to Google Finance. The Nikkei 225 index was down 1.09% today.
Meanwhile, MicroStrategy remains the largest public corporate bitcoin holder, owning 279,420 BTC, according to data from BitcoinTreasuries. Marathon Digital follows this record with 27,562 BTC.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.