The post Metaplanet Announces ¥4 Billion Bond Issue for Bitcoin Treasury Expansion appeared on BitcoinEthereumNews.com.

TLDR Metaplanet’s stock reached an all-time high of ¥6,650, with weekly gains of 36% and monthly gains of 81%, prompting praise from MicroStrategy’s Michael Saylor The Japanese company issued its sixth unsecured corporate bond at 0% interest, raising ¥4 billion to purchase Bitcoin Metaplanet announced plans to acquire 21,000 Bitcoins by the end of 2026 CEO Simon Gerovich pointed out Morgan Stanley’s short position of over 1 million shares in Metaplanet MicroStrategy recently purchased 7,633 BTC for $742 million, bringing their total holdings to 478,740 BTC Japanese firm Metaplanet has raised ¥4 billion through a zero-interest bond issue to fund its Bitcoin acquisition strategy, as the company’s stock price reached an all-time high of ¥6,650. The announcement comes amid a strong rally in the company’s shares, which have gained 36% over the past week and 81% in the last month. The company’s sixth unsecured corporate bond issue was completed without collateral or guarantees, highlighting the market’s confidence in Metaplanet’s financial stability. The funds will be used to immediately purchase Bitcoin, allowing the company to bypass the waiting period typically associated with exercising stock acquisition rights. Metaplanet’s stock performance has caught the attention of industry leaders, including MicroStrategy’s Executive Chairman Michael Saylor, who praised the company’s commitment to its Bitcoin strategy. The stock has shown remarkable growth from its October 2024 price of under ¥1000, delivering one-year returns of 4,000%. You should probably follow @Metaplanet_JP. pic.twitter.com/HgDZ7tt0Rr — Michael Saylor⚡️ (@saylor) February 12, 2025 The company has emerged as a major player in Japanese financial markets, with its stock becoming the 19th most liquid on the Japanese exchange. Bitcoin strategist Dylan LeClair reported that Metaplanet recorded a trading volume of ¥42.6 billion (approximately $277 million) in recent trading. CEO Simon Gerovich addressed the company’s critics, particularly targeting Morgan Stanley’s short position in…

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Filed under: News - @ February 12, 2025 12:22 pm