Metaplanet, a company listed on the Japan stock exchange, is issuing another round of one-year bonds to finance further Bitcoin acquisitions. This is part of a strategy similar to that of MicroStrategy, a company known for its significant Bitcoin investments. Metaplanet has been on an acquisition spree for Bitcoin since May 2024.
The company's stock price has responded positively, rising above the 2,000 JPY mark once again, reflecting investor confidence in their Bitcoin strategy. Both Metaplanet and MicroStrategy seem committed to doubling down on their Bitcoin purchases, even with the price around $90K.
This decision by Metaplanet underscores a growing trend among companies to view Bitcoin as a strategic asset rather than a speculative investment. Such moves indicate that Bitcoin's acceptance as a store of value and hedge against inflation continues to gain traction among corporates.
