Two tranches of bond issuance were conducted by the Tokyo-listed company, which raised 9.5 billion yen ($60.6 million).
Metaplanet Inc., a Japanese investment firm, has issued two tranches of bonds this week, raising 9.5 billion yen ($60.6 million) to “accelerate bitcoin purchases.”
The Tokyo-listed company announced today that it has resolved to issue a fifth ordinary bond in the amount of 5 billion yen ($31.9 million), in addition to the 4.5 billion yen ($28.7) bond issuance that was announced on Tuesday. Both bonds will mature on June 16, 2025, and they do not bear interest.
Simon Gerovich, CEO of Metaplanet, stated in a post on X today that the funds will expedite the purchase of Bitcoin that was originally scheduled for 2025 into the current year.
Since its announcement in May to incorporate bitcoin as a strategic treasury reserve asset, the organization has been actively purchasing bitcoin in recent months. Approximately 1,142.287 BTC, or approximately $110.3 million based on current market prices, were in its possession as of Dec. 18.
According to Yahoo Finance, Metaplanet’s stock closed at 3,610 yen on Friday, a 4.24% decrease on the Tokyo Stock Exchange. Year-to-date, its stock price has increased by 2,023%. Today, the Nikkei 225 index experienced a 0.2% decline.
The U.S. OTCQX market also initiated trading of the company’s shares on Thursday. According to Google Finance, the shares experienced a 9.96% decline in value at the close of their initial U.S. trading day.
However, BitcoinTreasuries data indicates that MicroStrategy continues to be the largest public corporate bitcoin holder, with 439,000 BTC.
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