Metaplanet spends money to buy more Bitcoin

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Metaplanet will issue one-year bonds to finance Bitcoin purchases.

Metaplanet, a Tokyo-listed company in Japan, has announced a bond sale to buy more Bitcoin.  This company is dubbed the “Asian MicroStrategy” because its strategy is very similar to MicroStrategy, which is to accumulate as much BTC as possible.

Metaplanet recently announced on X that it will issue one-year conventional bonds totaling 1.75 billion yen ($11.3 million) with an annual interest rate of 0.36%. The entire amount raised will be used to purchase more Bitcoin.

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Metaplanet began buying Bitcoin in April 2024, and the company has since said that Bitcoin is a strategic investment. The company views Bitcoin as a hedge against Japan's debt problems and the yen's downward volatility.

Since April, Metaplanet has accumulated 1,018 BTC worth $92.3 million, according to Bitcoin Treasuries data.

Metaplanet's Bitcoin balance still lags far behind MicroStrategy 's .

MicroStrategy holds the title of the largest Bitcoin holding by a technology company. As of the time of writing, 279,420 BTC are in MicroStrategy’s vaults.

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