Japanese company Metaplanet has announced the issuance of new bonds worth ¥1.75 billion to finance Bitcoin purchases, following MicroStrategy's example.
Metaplanet Bonds: Terms and Goals
Each bond offered by Metaplanet is priced at ¥43.75 million and pays an interest rate of 0.36%. The bonds are set to mature on November 17, 2025. The company aims to use the raised funds to increase Bitcoin investments.
Metaplanet's Strategy and Industry Role
Metaplanet aims to become a leader among corporate Bitcoin holders and is already on the list with $92.20 million worth of Bitcoin. The company's strategy mirrors MicroStrategy's approach, actively investing in Bitcoin.
Risks and Prospects of the Strategy
Some experts believe that the debt-for-Bitcoin strategy might be risky. A BitMEX Research warns that such a strategy might lead to the necessity of selling assets if the company’s share value decreases.
Despite the risks, Metaplanet's and other companies' strategies to increase investments in Bitcoin continue to attract attention and may set a new benchmark for the corporate world.
