In a bid to grow its Bitcoin portfolio, Tokyo-listed Metaplanet has announced a new debt issuance during a Board of Directors meeting held on November 18th.
The filing shows that the company plans to sell one-year ordinary bonds worth 1.75 billion yen—$11.3 million—with an annual interest rate of 0.36%. The entire amount raised will be allocated to Bitcoin purchases.
The proceeds from this bond issuance are specifically earmarked for purchasing Bitcoin, a move that aligns with the company’s strategy to ramp up its cryptocurrency reserves.
Metaplanet has closely followed the footsteps of business intelligence company MicroStrategy by implementing a financial approach centered around investments in Bitcoin. The firm began acquiring BTC in April 2024 as a hedge against the instability of the yen and concerns over Japan’s debt situation.