Metaplanet Issues $50M in New Bonds to Accelerate Bitcoin Accumulation

• Metaplanet is reported to be raising $50 million through a private placement of zero-interest bonds to accumulate more Bitcoin (BTC). 
• The company recently made one of its largest single acquisitions after purchasing 1004 Bitcoins to increase its exposure. 

Japanese Investment firm Metaplanet has announced its intention to aggressively accumulate Bitcoin (BTC) ahead of the much-anticipated bull run. According to the report reviewed by CNF, Metaplanet would fund this operation by raising $50 million through a “private placement of zero-interest bonds.” Fascinatingly, these are issued in $1.25 million denominations.

Looking into the details, we found that the Cayman Islands-based investment firm, Evo Fund, would be the only bondholder. Basically, this company has supported most of the earlier purchases by providing capital for this course. Also, Metaplanet believes that this action would have only a minimal impact on its financial results in 2025.

Following the footsteps of Macrostrategy, Metaplanet has made multiple Bitcoin acquisitions, with one of the earliest actions occurring in February. As highlighted in our previous news brief, the Japanese Investment firm acquired 68.59 BTC to extend its holdings to 21,000 BTC. Prior to that, the company had raised around $20 million via its 21M Plan earmarked for Bitcoin purchases.

On March 12, CNF detailed in another news piece that Metaplanet had purchased 162 BTC to increase its holding to 3,050 BTC, after making some acquisitions in between. At that time, the company was reported to have issued a zero-interest bond to raise $13.3 million for this course.

Later, on May 19, CNF highlighted in a news update that the company had initiated 1,004 Bitcoin acquisitions, marking one of its largest purchases to date. Specifically, it spent $104.6 million on this, sending the total holdings to 7,800 BTC.

Assessing its activities, BitcoinTreasuries.NET hinted that Metaplanet has made almost 20% profits on its Bitcoin investment. Similarly, its stocks have received a major boost, with 10x Research pointing out that the “stock trades as if its Bitcoins were worth five times the actual price.”

Metaplanet and MicroStrategy Embrace Bitcoin as Price Gears Towards $120k

Another company that has already taken the lead in Bitcoin acquisition is Microstrategy. Recently, its consistent move received criticism from prominent short-seller Jim Chanos, who hinted that he is selling his MicroStrategy stocks to buy Bitcoin.

According to him, investors have unknowingly been overpaying for Bitcoin exposure through corporate wrappers. He also believes that holding Bitcoin through a company leads to excessive speculation and could cause mispricing.

Regardless, MicroStrategy is aiming for a historic acquisition of $84 billion worth of Bitcoin purchases while aiming for a 25% BTC yield by 2025. As explained in our previous blog post, the company announced a 13.7% Bitcoin Yield and a $5.8B year-to-date Bitcoin gain.

While Institutional interest continues to grow, Bitcoin has also been attempting to translate the rising demand into its price by breaking the current all-time high level to hit $120k. In our recent interview with Bitget CEO Gracy Chen, it was highlighted that Bitcoin could stage a rally to a minimum price of $126k this year.