Metaplanet, a Tokyo-based investment firm, is looking to raise $11 million through the issuance of ordinary bonds to fund additional Bitcoin acquisitions. The bonds, with an annual interest rate of 0.36% and a maturity date of Nov. 17, 2025, are exclusively allocated to EVO FUND, a major shareholder in Metaplanet. While the bonds are not directly collateralized, they are secured by the land and building of Hotel Royal Oak Gotanda, owned by Metaplanet’s subsidiary Wen Tokyo.
This move follows a strategy similar to that of MicroStrategy, which has been using debt to increase its Bitcoin holdings. MicroStrategy recently announced plans to raise $42 billion for more Bitcoin investments, making it the largest publicly traded Bitcoin holder with 279,420 BTC valued at around $26 billion.
Since April, Metaplanet has been actively acquiring Bitcoin to diversify its reserves and hedge against economic uncertainties in Japan. The firm currently holds 1,018 BTC, valued at $92.33 million, according to Bitcoin Treasuries data. This aggressive acquisition strategy has significantly boosted Metaplanet’s stock price, which has surged by about 1,150% since the beginning of the year.
In addition to its Bitcoin investments, Metaplanet has launched a Shareholder Benefits Program to engage shareholders and attract long-term investors. The program offers exclusive rewards such as Bitcoin lotteries, discounted tickets to crypto events, and access to experiences related to the Bitcoin ecosystem. These benefits are designed to make holding Metaplanet’s stock more appealing over the medium to long term, while also strengthening relationships with investors.
The Shareholder Benefits Program will kick off for shareholders listed on the company’s shareholder register as of Dec. 31, 2024. This initiative reflects Metaplanet’s commitment to creating value for its shareholders and fostering a loyal investor base. As the company continues to expand its Bitcoin holdings and explore innovative ways to reward shareholders, its position in the market is expected to strengthen further, attracting more attention from investors and industry observers alike.
