Japanese investment firm Metaplanet has revealed its strategy to issue $11.3 million in bonds aimed at purchasing additional Bitcoin. This move is part of the company's dedicated strategy to prioritize Bitcoin acquisitions, similar to the approach taken by MicroStrategy.
Currently, Metaplanet holds 1,018 Bitcoin on its balance sheet, showcasing its commitment to this digital asset. The bonds are set to mature in November 2025 and carry an annual interest rate of 0.36%.
This strategic maneuver has significantly boosted Metaplanet's stock value, which has increased by 950% since the company began its Bitcoin acquisition journey in April. Their consistent Bitcoin-first, Bitcoin-only stance underscores their bullish outlook on the cryptocurrency.
