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Metaplanet, known as the “Asian MicroStrategy,” has taken a new step in its Bitcoin accumulation strategy. The company announced a massive debt issuance to raise ¥4.5 billion yen, funds that will be used exclusively for the acquisition of BTC. This move reinforces its position as a pioneer in the adoption of cryptocurrencies within the corporate sector in Asia.
The official announcement, made this Tuesday, details that the issue consists of ordinary interest-free bonds managed through the firm EVO FUND, with a maturity date set for June 16, 2025. In addition, Metaplanet revealed its plans to issue bonds additional private offerings in the amount of up to ¥5 billion yen, with the aim of generating greater profits for investors.
However, specific details about the future issues, such as interest rates, payment dates and maturity, were not disclosed. What is clear is that this initiative has the central purpose of continuing aggressive purchases of Bitcoin, replicating MicroStrategy’s successful strategy.
As a result of this measure, Metaplanet shares on the Japanese stock market reached new highs. At Tuesday’s close, the share price rose to ¥4,080, representing an impressive 106.27% return over the past month, according to data from Yahoo Finance.
Metaplanet shares set new all-time highs this Tuesday. Source: Yahoo Finance
Since the beginning of its Bitcoin investment strategy at the beginning of the year, Metaplanet has financed its purchases through various debt issuances. To date, the company has carried out four rounds of ordinary bond issuance. Unlike the convertible notes used by MicroStrategy, Metaplanet’s bonds have a shorter maturity period of just six months.
Thanks to this strategy, the Japanese firm has consolidated its leadership in the adoption of Bitcoin in Asia. With its latest investment made on November 19, Metaplanet’s corporate reserves reached 1,150 BTC.
Metaplanet is not the only Asian company to adopt Bitcoin as a strategic asset. Recently, Jetking Infotrain, an Indian company with 77 years of history, became the first public company in India to purchase BTC. On December 9, the firm announced the acquisition of 12 bitcoins for its reserves, in a clear effort to project itself towards future technologies.
As the price of Bitcoin rapidly approaches $110,000, institutional interest continues to rise. Companies like MicroStrategy, Metaplanet, large miners and Asian firms are accelerating their efforts to add more BTC to their balance sheets.
This phenomenon, driven by corporate FOMO, is linked to growing expectations about the possible creation of a strategic Bitcoin reserve in the United States in the coming months.
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