Renowned Japanese Bitcoin treasury firm, Metaplanet, has issued 2 billion Japanese Yen ($13.4 million) in 0% bonds to purchase more BTC, adding to its computing accumulation of the cryptocurrency.
In a series of purchases that began in May 2024, Metaplanet continues expanding its Bitcoin holdings, issuing 2 billion Japanese Yen in one of the most notable acquisitions this year.
According to a notice issued on Feb. 27, this is the seventh time Metaplanet has issued bonds for Bitcoin purchases. The notice states that the proceeds are allocated to Metaplanet’s Bitcoin acquisition fund, Evo Fund.
Details of the Bond
The company will issue 40 ordinary bonds each with a face value of 50 million Japanese Yen. These interest-free bonds will be fully redeemable on Aug. 25, 2025.
“The Bonds will be redeemed in full at their face value, as stated in Item 5 ( JPY 100 for every JPY 100 of the Bonds’ face value) on the Redemption Date specified in Item 7 (Aug. 25, 2025)…”, the excerpt reads.
Since May 2024, Metaplanet has purchased Bitcoin a total of 17 times, the largest acquisition being on Dec. 20, 2024, when the company purchased 619.7 BTC. Currently, the company has holdings of around 2.235 BTC, valued at about $192.4 million.
While the company has struggled in the stock market since 2013, its fortune began when it started acquiring Bitcoin, recording a 3,225% increase in less than a year.
It was also likened to the likes of Strategy (formerly Microstrategy), one of the pioneers of Bitcoin treasury investments.
Metaplanet Plans To Acquire More Bitcoin By 2026
Earlier in the year, Metaplanet announced its goal to accumulate over 10,000 BTC by the final quarter of 2025. By Q4 of 2026, Metaplanet plans to increase its portfolio to 21,000 BTC, worth about $1.7 billion at current prices.
Metaplanet President Simon Gerovich emphasized the firm’s aim of leading the Bitcoin renaissance in Japan and emerging as one of the largest Bitcoin holders in the world. Currently, Metaplanet is the 15th largest corporate Bitcoin holder in the world.
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