1 month ago
Tokyo-based concern steadfast Metaplanet has unveiled plans to contented mean bonds worthy 1.75 cardinal yen (over $11 million) to money further Bitcoin acquisitions, according to a Nov. 18 statement.
The bonds travel with an yearly involvement complaint of 0.36% and a maturity day of Nov. 17, 2025. They person been exclusively allocated to EVO FUND, an concern absorption entity with important ownership successful Metaplanet.
Although the bonds are not straight collateralized, they are secured done the onshore and gathering of Hotel Royal Oak Gotanda. This property, owned by Metaplanet’s subsidiary Wen Tokyo, is protected by a first-priority mortgage. The statement ensures sum for immoderate imaginable claims by bondholders.
Metaplanet’s enslaved issuance mirrors a playbook famously utilized by MicroStrategy, which is known for leveraging indebtedness to grow its Bitcoin holdings. The Michael Saylor-led institution precocious disclosed plans to raise $42 billion for further Bitcoin investments. MicroStrategy remains the largest publically traded Bitcoin holder, with 279,420 BTC valued astatine astir $26 billion.
Since April, Metaplanet has been actively acquiring Bitcoin to diversify its reserve and hedge against Japan’s economical woes. According to Bitcoin Treasuries data, the steadfast has accumulated 1,018 BTC, valued astatine $92.33 million.
This aggressive Bitcoin acquisition strategy has positively impacted Metaplanet’s stock. Data from Google Finance shows that its stock terms has skyrocketed by astir 1,150% since the commencement of the year.
Shareholde benefits
Beyond its Bitcoin investments, Metaplanet precocious launched a Shareholder Benefits Program to heighten shareholder engagement and pull semipermanent investors.
The programme offers exclusive rewards, including Bitcoin lotteries, discounted tickets to crypto events, and entree to curated experiences tied to the Bitcoin ecosystem. These benefits purpose to summation the entreaty of holding Metaplanet’s banal implicit the mean to agelong word portion fostering much robust relationships with its investors.
The Bitcoin investing institution stated that the programme volition commence for shareholders listed connected its shareholder registry arsenic of Dec. 31, 2024.
The station Metaplanet seeks $11M for Bitcoin buys, incentivizes shareholders with payment program appeared archetypal connected CryptoSlate.
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