Japanese investment adviser Metaplanet is making headlines with its latest announcement to issue ¥1.7 billion (approximately $11.7 million) in bonds. This innovative financial strategy is aimed at funding further acquisitions of Bitcoin (BTC), demonstrating the company’s unwavering commitment to the cryptocurrency market.
On November 18, 2024, Metaplanet revealed that the new bonds will carry a modest 0.36% annual interest rate and are part of a series exclusively allocated to the EVO FUND. The bonds are set to mature on November 17, 2025, and are fully guaranteed by Simon Gerovich, the company’s president and representative director, according to regulatory disclosures.
This strategic initiative reflects Metaplanet’s determination to solidify its position in the expanding world of digital currencies. Just recently, the firm acquired 156.7 BTC for roughly ¥1.6 billion, pushing its total Bitcoin holdings to an impressive 1,018 BTC. Such moves reiterate the company’s strategy of integrating cryptocurrencies into its broader investment portfolio.
Metaplanet’s stock also responded positively to this announcement, surging by 5% on the Tokyo Stock Exchange. The bonds will be repaid through a first-priority mortgage on one of the company’s properties, the Hotel Royal Oak Gotanda. This prudent financial arrangement reinforces stakeholder confidence, as Metaplanet assures investors that the impact of this bond issuance on its fiscal results is expected to be minimal. However, they remain prepared to update stakeholders if material changes occur.
In addition to this bond issuance, Metaplanet is launching an exciting shareholder benefits program. This initiative aims to enhance engagement and incentivize long-term investments by offering unique perks, including Bitcoin-related experiences and discounts at various partner companies such as SBI VC Trade, The Bitcoin Conference, and Bitcoin Magazine.
As the cryptocurrency market continues to evolve, Metaplanet’s active role in acquiring Bitcoin and engaging its shareholders positions the company strategically to navigate the challenges and opportunities present in this dynamic landscape.
