Japan’s Metaplanet raises $61 million via bonds to buy more bitcoin
Quick Take The Tokyo-listed firm raised 9.5 billion yen ($60.6 million) in two tranches of bond issuance. The newly raised funds are intended to support the company’s bitcoin purchases.
Japanese investment firm Metaplanet Inc. has raised 9.5 billion yen ($60.6 million) through two tranches of bond issuance this week to “accelerate bitcoin purchases.”
The Tokyo-listed firm said today that it resolved to issue 5 billion yen ($31.9 million) as the fifth ordinary bond, in addition to the 4.5 billion yen ($28.7) bond issuance announced on Tuesday. Both bonds do not carry interest and will mature on June 16, 2025.
“These funds will accelerate Bitcoin purchases originally planned for 2025 into the current year,” Simon Gerovich, CEO of Metaplanet, said today in a post on X.
The company has been on a bitcoin buying spree in recent months following its May announcement to adopt bitcoin as a strategic treasury reserve asset. As of Dec. 18, it held approximately 1,142.287 BTC, or about $110.3 million based on current market prices.
Metaplanet’s stock on the Tokyo Stock Exchange closed down 4.24% at 3,610 yen on Friday, according to Yahoo Finance. Its stock price has risen 2,023% year-to-date. The Nikkei 225 index edged down 0.2% today.
The company’s shares also started trading on the U.S. OTCQX market on Thursday. The shares traded down 9.96% at closing on its first U.S. trading day, according to Google Finance .
Meanwhile, MicroStrategy remains the largest public corporate bitcoin holder, owning 439,000 BTC, according to data from BitcoinTreasuries.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
