Tokyo-based investment firm Metaplanet has announced plans to issue 1.75 billion yen in ordinary bonds to fund additional Bitcoin acquisitions. The bonds come with an annual interest rate of 0.36% and a maturity date of Nov. 17, 2025. They are exclusively allocated to EVO FUND, an investment management entity with significant ownership in Metaplanet. While the bonds are not directly collateralized, they are secured through the land and building of Hotel Royal Oak Gotanda, owned by Metaplanet’s subsidiary Wen Tokyo, which is protected by a first-priority mortgage.
Taking a page out of MicroStrategy’s playbook, Metaplanet is leveraging debt to expand its Bitcoin holdings. MicroStrategy recently announced plans to raise $42 billion for further Bitcoin investments, maintaining its position as the largest publicly traded Bitcoin holder. Metaplanet has been actively acquiring Bitcoin since April to diversify its reserves and hedge against Japan’s economic challenges. The company currently holds 1,018 BTC valued at $92.33 million. This aggressive Bitcoin acquisition strategy has had a positive impact on Metaplanet’s stock, with its share price increasing by approximately 1,150% since the beginning of the year.
In addition to its Bitcoin investments, Metaplanet recently introduced a Shareholder Benefits Program to enhance shareholder engagement and attract long-term investors. The program offers exclusive rewards such as Bitcoin lotteries, discounted tickets to crypto events, and curated experiences tied to the Bitcoin ecosystem. These benefits are designed to make holding Metaplanet’s stock more appealing over the medium to long term while strengthening relationships with its investors. The program is set to begin for shareholders listed on the company’s shareholder register as of Dec. 31, 2024.
Overall, Metaplanet’s bond issuance and Bitcoin acquisition strategy reflect its commitment to expanding its digital asset holdings and maximizing returns for its shareholders. By following in the footsteps of successful companies like MicroStrategy, Metaplanet is positioning itself as a key player in the cryptocurrency investment space. The Shareholder Benefits Program further demonstrates the company’s dedication to fostering strong relationships with its investors and creating added value for those who hold its stock. With a focus on Bitcoin acquisitions and innovative shareholder engagement initiatives, Metaplanet is poised for continued growth and success in the evolving digital asset market.
