CentBit.Online – Crypto & Blockchain Expert Bangladesh
Japanese investment firm Metaplanet has unveiled plans to issue a third series of ordinary bonds, aiming to raise 1.75 billion yen ($11.3 million) to expand its Bitcoin holdings. This strategic move highlights the firm’s growing commitment to cryptocurrency as a core asset in its investment portfolio.
Key Bond Details
- Interest Rate: The bonds will offer an annual 0.36% interest rate.
- Redemption Date: Set for November 2025.
- Guarantee: The bonds are personally guaranteed by the company’s director.
- Collateral Security: While not directly collateralized, the bonds are secured through the land and building of Hotel Royal Oak Gotanda, owned by Metaplanet’s wholly-owned subsidiary Wen Tokyo. A first-priority mortgage ensures bondholder claims are covered if required.
The company anticipates minimal financial impact on its 2024 results from this initiative.
Metaplanet’s Growing Bitcoin Portfolio
Metaplanet has rapidly emerged as one of Asia’s major corporate Bitcoin holders:
- Bitcoin Holdings: The company currently holds 1,018 BTC, valued at over $64 million, according to Bitcoin Treasuries.
- Valuation Gains: A recent $28 million gain on Bitcoin investments has boosted the firm’s portfolio despite operational expenses.
This strategy aligns with the firm’s vision of leveraging Bitcoin to secure long-term value and enhance shareholder returns.
Inspired by MicroStrategy’s Success
Metaplanet’s approach mirrors that of MicroStrategy, a global leader in corporate Bitcoin investments. MicroStrategy recently reinforced its dominance by acquiring 27,200 BTC, bringing its total holdings to approximately 279,420 BTC, purchased at a cumulative cost of $11.9 billion.
This strategy has positioned MicroStrategy as a pioneer in using Bitcoin as a treasury reserve asset, a blueprint Metaplanet aims to emulate in Asia.
A Strategic Shift in Investment Philosophy
Metaplanet’s bold move to raise funds through bonds for Bitcoin acquisition reflects the growing acceptance of cryptocurrency as a strategic investment asset in traditional financial markets.
As Bitcoin continues to gain traction as a store of value and hedge against inflation, companies like Metaplanet are setting the stage for a new era of corporate crypto adoption in Asia.
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