Significant Bond Issuance for Bitcoin Acquisition
Japanese investment firm Metaplanet has raised 9.5 billion yen ($60.6 million) through two tranches of bond issuances. The funds, announced on Tuesday and finalized today, aim to expedite the firm's Bitcoin purchases initially scheduled for 2025. CEO Simon Gerovich confirmed this on X, emphasizing the company's commitment to Bitcoin as a strategic treasury reserve asset.Metaplanet’s Aggressive Bitcoin Strategy
As of December 18, Metaplanet holds approximately 1,142 BTC valued at $110.3 million. This latest move continues its strategy of building a Bitcoin-centric treasury, a decision announced earlier this year. Despite these developments, Metaplanet’s stock has seen volatility, dropping 4.24% on the Tokyo Stock Exchange and nearly 10% on its debut in the U.S. OTCQX market.Market Implications and Comparisons
While Metaplanet’s approach demonstrates the rising interest in Bitcoin among public firms, MicroStrategy remains the leader with 439,000 BTC in holdings. The market closely watches these moves as indicators of institutional sentiment toward Bitcoin adoption.
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