- Metaplanet raises ¥1.75 billion (over $11.7 million) through bonds to buy Bitcoin (BTC).
- The listed Japanese company has also unveiled a shareholder benefits program.
Metaplanet, a publicly traded company listed in Japan, has announced plans to purchase additional Bitcoin (BTC) to expand its growing holdings. On November 18, the Tokyo-listed Bitcoin treasury company disclosed that it intends to raise ¥1.75 billion in bonds to acquire the flagship cryptocurrency.
The company has issued one-year bonds at a 0.36% interest rate totaling ¥1.75 billion, approximately $11.7 million, and will use the proceeds to buy more BTC. Currently, Metaplanet holds over 1,000 BTC.
Metaplanet: Japan’s MicroStrategy
Metaplanet’s board resolved to issue the third series of ordinary bonds at a meeting held on November 18, 2024, according to a regulatory disclosure. The bondholder will be EVO FUND, and the bonds mature on November 17, 2025. In October, Metaplanet announced that it had adopted “BTC Yield” as a key performance indicator—an approach that echoes the strategy pioneered by MicroStrategy and has inspired other corporate treasuries.
MicroStrategy, by comparison, is planning to raise roughly $42 billion in capital over the next two to three years to buy Bitcoin. Earlier this month, CEO Michael Saylor revealed that the U.S.-based firm had acquired an additional 27,200 BTC for more than $2 billion.
Since MicroStrategy began accumulating the scarce asset, it has amassed 279,420 BTC purchased for over $11.9 billion. Over the past year, the company’s treasury operations have generated a 26.4% BTC Yield—equivalent to an average daily accumulation of 157.5 BTC.
As Saylor recently noted, his company achieved these results “without the operating costs or capital expenditures typically associated with bitcoin mining.”
Metaplanet has also unveiled a shareholder benefits program. According to the company, the program will provide exclusive perks and value-added offers to shareholders. Metaplanet is partnering with VC Trade, Hotel Royal Oak Gotanda, The Bitcoin Conference, Bitcoin Magazine and Webull Securities to support this initiative.