Metaplanet Inc. announced the issuance of 2 billion yen zero-interest bonds to EVO FUND, aiming to use the funds to purchase Bitcoin. This move strengthens the company's position in Asia.
Metaplanet's Strategic Bond Issuance
Metaplanet's Board decided to issue zero-interest bonds with a total value of 2 billion yen to EVO FUND, targeting the proceeds for Bitcoin purchases. Each bond is valued at 50 million yen and will be redeemed by September 30, 2025. This aligns with Metaplanet's plan to expand its Bitcoin holdings, aiming for 10,000 BTC by 2025.
Bitcoin Market and Future Projections
Metaplanet's strategy to accumulate Bitcoin aims to achieve 21,000 BTC by 2026, marking a significant milestone for an Asian company. According to CoinMarketCap, Bitcoin's current price is $82,820.41 with a market cap of $1.64 trillion and a 61.74% market share. Despite a daily volume increase, Bitcoin's price fell by 0.25% over the past day and 5.15% over the week.
Market Impact and Corporate Influence
The Coincu research team predicts that Metaplanet's bold bond issuance may inspire similar strategic acquisitions by other companies. By leveraging market downturns, corporations may continue to explore Bitcoin as an asset class, fostering increased institutional adoption in Asia.
Metaplanet's actions demonstrate strategic use of market downturns to enhance Bitcoin assets. This could set an example for other corporations interested in institutional Bitcoin adoption in Asia.
