Metaplanet has announced the issuance of unsecured bonds worth ¥30 billion (approximately $208 million) to increase its investments in Bitcoin.
Metaplanet's Strategy for Bitcoin Accumulation
Metaplanet has demonstrated confidence in the long-term value of Bitcoin by issuing its 19th series of zero-coupon bonds valued at ¥30 billion. These funds will be used to repurchase previously issued bonds worth ¥1.75 billion, with the remaining funds allocated for purchasing Bitcoin.
Company Financials
Currently, Metaplanet holds 13,350 Bitcoin, with a total value of approximately $1.31 billion. Recently, CEO Simon Gerovich disclosed that he acquired 1,005 Bitcoin for around $107,601 each, totaling about $108.1 million. The Bitcoin yield for the company is projected to be 348.8% as of June 30, 2025.
Market Impact and Bitcoin's Future
The growing institutional interest in Bitcoin as a treasury asset is underscored by Metaplanet's actions. Gerovich noted the increase in Bitcoin reserves from 3,350 to 13,350 over three months highlights the growing confidence in the long-term prospects of the cryptocurrency. Interest in Bitcoin is increasing amidst trends towards mass adoption in business practices.
Metaplanet's bold move signifies a high level of confidence in Bitcoin as a significant asset for corporate treasuries, as well as aggressive strategies in financial innovation.
