Japanese Investment Company Metaplanet Doesn't Stop Falling! Raised $60 Million to Buy Bitcoin! Here are the Details

Japanese investment firm Metaplanet raised 9.5 billion yen (60.6 million dollars) this week through two bond issuances to accelerate its Bitcoin buying strategy.

Japanese Metaplanet Raises $61 Million Through Bonds to Accelerate Bitcoin Purchases

The company traded on the Tokyo Stock Exchange announced today that it has issued a 5 billion yen (31.9 million dollars) bond issuance as the fifth regular issuance, completing the 4.5 billion yen (28.7 million dollars) bond issuance announced earlier this week. Both bonds are interest-free and will mature on June 16, 2025.

Metaplanet CEO Simon Gerovich said in a statement on X (formerly known as Twitter), “These funds will accelerate Bitcoin purchases originally planned for 2025 to the current year.”

Since announcing in May that it would adopt Bitcoin as a strategic treasury reserve asset, Metaplanet has been actively increasing its Bitcoin holdings. As of December 18, the firm had approximately 1,142,287 BTC worth approximately $110.3 million at current market prices.

Despite this bold move, according to Yahoo Finance, Metaplanet’s shares on the Tokyo Stock Exchange closed today at 3,610 yen, down 4.24%. However, the stock performance since the beginning of the year continues to be impressive with an increase of 2.023%.

The company also entered the US OTCQX market this week. According to Google Finance, the shares closed down 9.96% on the first trading day in the US.

According to BitcoinTreasuries, Metaplanet’s Bitcoin-focused strategy is in line with trends seen in other publicly traded companies such as MicroStrategy, which continues to be the largest publicly traded corporate Bitcoin holder with 439,000 BTC.

Metaplanet’s aggressive approach financed by bonds highlights the increasing interest of traditional companies in leveraging Bitcoin as a fundamental part of their financial strategies.