Metaplanet Raises $30 Million in Zero-Interest Bonds for Strategic Bitcoin Buy
Metaplanet, a Japanese investment firm, has issued $30 million in zero-interest bonds to accelerate its acquisition of Bitcoin. This marks the fourth bond issuance by the firm, following a previous one in November 2024.
Metaplanet plans to raise up to ¥5 billion in private placement bonds, reinforcing its strategy of holding Bitcoin as a treasury reserve. The bonds, maturing in June 2025, aim to minimize immediate interest liabilities and use proceeds from previously issued warrants for redemption. This creative financial approach, likened to MicroStrategy’s strategy, signals Metaplanet’s strong belief in Bitcoin’s long-term potential and may inspire other Asian firms to adopt similar strategies.
Clever Robot News Desk 19th December 2024
