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Tokyo-listed Metaplanet Inc. has successfully raised 9.5 billion yen ($60.6 million) this week, through two separate bond issues aimed at accelerating its bitcoin acquisition efforts. The company issued a 5 billion yen ($31.9 million) fifth ordinary bond, following an initial 4.5 billion yen ($28.7 million) bond earlier in the week. Remarkably, both bonds are zero-interest and are set to mature by June 16, 2025.
Simon Gerovich, CEO of Metaplanet, announced on the social platform X that the raised funds would enable the firm to advance its Bitcoin purchases, originally slated for 2025, to the current year. This strategic move underscores the firm’s aggressive push into cryptocurrency investment.
Having declared bitcoin a strategic treasury reserve asset earlier in May, Metaplanet has been actively increasing its Bitcoin holdings. As of December 18, the firm’s portfolio boasted approximately 1,142.287 BTC, valued at around $110.3 million, highlighting its commitment to embedding cryptocurrency at the core of its financial strategy.
