Tokyo-listed Metaplanet has announced a debt sale aimed at increasing its Bitcoin holdings, following MicroStrategy's investment strategy. The company plans to issue one-year bonds totaling 1.75 billion yen (approximately $11.3 million) at an annual interest rate of 0.36%. This raised capital is intended exclusively for purchasing Bitcoin (BTC). Since starting its Bitcoin acquisitions in April 2024, Metaplanet has amassed 1,018 BTC, valued at $92.33 million. The decision to invest in Bitcoin is a strategy to mitigate risks associated with Japan's rising debt and the volatility of the Japanese yen. While Metaplanet's BTC holdings are significant, they pale in comparison to MicroStrategy’s extensive reserve of 279,420 BTC.
While we offer lots of free value to the community, our daily intel report (technical analysis, fundraising, token unlocks, and more) is exclusive to pro users.
