Japan-based Metaplanet Inc. has completed the issuance of Series 6 Ordinary Bonds worth 4 billion yen (approximately $26 million) to continue its Bitcoin (BTC) focused growth strategy. The company aims to increase its Bitcoin reserves by working closely with EVO FUND in this fundraising process.
This latest funding move is part of Metaplanet’s goal to accumulate at least 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. The company aims to expand its Bitcoin reserves through bond issuance and stock purchase rights by opening up to global capital markets.
Bitcoin is a Strategic Solution to Japan’s Economic Uncertainties
Metaplanet has decided to adopt Bitcoin as its primary reserve asset, considering the economic challenges facing Japan, such as high debt levels, prolonged negative real interest rates, and a constantly depreciating Japanese Yen (JPY). The company stated that Bitcoin as a store of value offers a hedge against the current challenges of the Japanese economy.
Metaplanet is also focusing on developing Bitcoin-driven revenue-generating business models. In this context, while providing Bitcoin education to Japanese investors through Bitcoin Magazine Japan, it plans to create a concept that includes an art museum, Bitcoin gallery and community spaces with The Bitcoin Hotel to be opened in Tokyo.
Metaplanet’s Bitcoin Strategy and Market Impact
Over the last 12 months, Metaplanet has closely followed the MicroStrategy (MSTR) model of increasing its Bitcoin reserves. The company currently holds approximately 1,762 BTC, which is about 10% of its total market capitalization.
The company’s aggressive Bitcoin strategy is fueled by support from large institutional investors such as Norges Bank (Norway’s Central Bank) and Capital Group. Capital Group has $2.7 trillion in assets under management (AUM), an important factor supporting Metaplanet’s Bitcoin accumulation plans.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.