As the cryptocurrency landscape continues to evolve, investors are weighing the risks and opportunities associated with Bitcoin, a digital asset that has captivated global markets.
Japanese investment giant Metaplanet Inc. has secured a hefty 9.5 billion yen ($60.6 million) to rapidly increase its Bitcoin holdings, a move that comes as major corporations continue to add the digital asset to their reserves.
Metaplanet, which is listed on the Tokyo Stock Exchange, made waves on December 19 by announcing a 5 billion yen ($31.9 million) bond issue, adding to the previously revealed 4.5 billion yen ($28.7 million) issuance. Both bonds, set to mature on June 16, 2025, are notably issued at a zero-interest rate.
These funds are set to accelerate Metaplanet’s Bitcoin acquisition strategy, which was originally planned for 2025. The company’s leader took to social media to reveal that the capital would enable faster Bitcoin purchases. Metaplanet has been in an aggressive stance on Bitcoin accumulation since May, with Bitcoin chosen as its strategic reserve asset. As of December 18, the firm reported ownership of approximately 1,142.287 Bitcoins, valued at about $110.3 million based on current market prices.
Despite their ambitious strategy, Metaplanet’s stock saw a downturn, closing down 4.24% at 3,610 yen on the Tokyo Stock Exchange on December 20. However, the stock has still surged over 2,023% since the year’s start. Meanwhile, on the American OTCQX market, their shares debuted with a nearly 10% drop on the first trading day.
In the broader corporate Bitcoin landscape, MicroStrategy—known as the biggest corporate Bitcoin holder—added to its reserves with a massive 15,350 BTC purchase, spending roughly $1.5 billion. On December 23, this strategic move will see MicroStrategy added to the Nasdaq 100 index.
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