- Using zero-interest bonds, Metaplanet gathered $50 million to carry on its strategy of accumulating Bitcoin.
- Now, the firm’s total Bitcoin reserves are 7,800 BTC, making their holdings larger than the Bitcoin reserves of El Salvador.
- Because the economy in Japan is struggling, institutional investors are counting on Metaplanet to offer easy access to Bitcoin.
Metaplanet Inc. has revealed it is issuing a new series of ordinary bonds totaling $50 million. The bond granted to EVO FUND, which does not charge interest, will expire on November 27, 2025. The funds raised from the bond will be used exclusively to purchase Bitcoin, says the company’s most recent statement.
Since buying 1,004 Bitcoin for about $104.3 million on May 19, Metaplanet now has 7,800 BTC in its possession. This decision now sees the Tokyo firm take the lead over El Salvador’s Bitcoin stash of 6,189.18 BTC.
Because of these economic difficulties, investors are looking more closely at alternative assets. Buying massive amounts of Bitcoin has made Metaplanet a preferred way to access the cryptocurrency. As a result, the company’s stock prices have increased noticeably in the last few weeks.
The approach that Metaplanet continues with now is similar to MicroStrategy’s, which just added more than 4,020 BTC worth $427.1 million. So far, MicroStrategy owns the biggest share of Bitcoin, with 580,250 coins. Even though it’s assets are smaller, its rising BTC investments suggest it is moving closer to this approach.
Company Stays Focused on the Future amid Big Market Upheavals
Speculation over economic headwinds and market swings has not prevented Metaplanet from believing in Bitcoin’s role as a secure hedge. Company officials claim that the latest round of bonds fits their digital asset strategy and will be used to increase their involvement in cryptocurrency.
Several other companies in Japan are starting to follow it’s initiative. People are becoming increasingly interested in BTC as it’s success has shown that traditional investing may no longer work.
