Metaplanet, a Japanese financial leader, is issuing a fourth series of ordinary bonds worth 4.5 billion yen (approximately $30 million) to further its Bitcoin acquisition strategy. This issuance, similar to previous ones, will be directed towards purchasing more Bitcoin (BTC). The company believes in Bitcoin's potential for growth and sees it as a strong holding asset. The bonds have a 0% annual interest rate and mature on June 16, 2025. Repayment will be made from the profits generated by the exercise of previously issued warrants.
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*Metaplanet to issue 4.5 billion yen in Ordinary Bonds to Accelerate Bitcoin Purchases; Repayment to be made from Warrant Exercise Proceeds*It plans to further expand its capital operation capabilities through multiple issuances in the future, totaling five billion yen in private placement bonds. This is a clear replica of MicroStrategy’s Bitcoin playbook, and it has contributed significantly to making the financial leader the only Japanese entry on the list of the leading corporate Bitcoin holders.Each bond was priced at ¥43.75 million, equivalent to $283,031, to pay an interest rate of 0.36%. At this time, the Japanese financial leader held almost $100 million worth of BTC. has also been buying more Bitcoin recently. On Monday, it added 15,350 more Bitcoin to the stash for $1.
The business intelligence and software company now holds 439,000 Bitcoin units, further maintaining its position as the largest Bitcoin holder.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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