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<ul>
 <li>Japan’s Metaplanet issues ¥1 billion in bonds at 0.5% interest to purchase Bitcoin, boosting its cryptocurrency holdings.</li>
 <li>The bond issuance, guaranteed by CEO Simon Gerovich, aims to fund Metaplanet’s long-term Bitcoin acquisition strategy.</li>
 <li>Metaplanet holds 141.0727 Bitcoins, valued at ¥1.45 billion, recording long-term assets at cost and short-term at market value.</li>
</ul>
<a href="https://metaplanet.jp/" rel="noopener noreferrer nofollow">Metaplanet</a>, a Japanese firm, has announced that it’s expanding its Bitcoin portfolio by issuing ¥1 billion in 0.5% bonds. This decision, made during today’s Board of Directors meeting, will see the raised capital allocated for the purchase of Bitcoin.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 JUST IN: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1ef-1f1f5.png" alt="🇯🇵" class="wp-smiley" style="height: 1em; max-height: 1em;"> Japanese public company Metaplanet issues ¥1 billion in 0.5% bonds to buy more <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://t.co/jC7gaJ95Z3" rel="noopener noreferrer nofollow">pic.twitter.com/jC7gaJ95Z3</a>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1805075675759469045?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 24, 2024</a>
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Details of the Bond Issuance
Metaplanet’s latest bond issuance, classified as the <a href="https://cryptonewsland.com/japans-metaplanet-announces-1-59-million-bitcoin-purchase-signaling-bullish-corporate-momentum-from-the-far-east/" rel="noopener noreferrer nofollow">second series of ordinary bonds</a> with guarantees, aims to raise ¥1 billion. Each bond is valued at ¥50,000,000, with an annual interest rate of 0.5%. The bonds are set for payment on June 26, 2024, and will mature on June 25, 2025. Redemption will occur at ¥100 per bond for each ¥100 of the bond amount. The bondholder, EVO FUND, has the option to call the bond with a month’s notice, except during the first three months.
The bonds are guaranteed by Simon Gerovich, the company’s Representative Director and President, and secured by a first-priority mortgage on the land and building of Hotel Royal Oak Gotanda, owned by Metaplanet’s wholly-owned subsidiary, Wen Tokyo Inc. No bond administrator will be appointed as the bonds meet the requirements set by the Companies Act.
Bitcoin Acquisition Strategy
The proceeds from the bond issuance will be used exclusively for <a href="https://cryptonewsland.com/bitcoin-whales-acquire-1-38b-in-btc-amid-market-dip/" rel="noopener noreferrer nofollow">purchasing Bitcoin</a>. Metaplanet’s policy is to hold Bitcoin for the long term. Bitcoin intended for long-term holding will be recorded at cost, exempt from end-of-term market value assessment taxation.&nbsp;
For other Bitcoin holdings, market value evaluation will occur quarterly, with gains or losses recorded under non-operating income or expenses. Should Bitcoin be utilized for operational purposes, it will be classified as a current asset on the balance sheet.&nbsp;
As of the latest update, Metaplanet holds 141.0727 Bitcoins, purchased at an average price of ¥10,278,391 per Bitcoin, amounting to a total of ¥1.45 billion.
Future Outlook
Metaplanet anticipates that this transaction will have a minimal impact on its <a href="https://cryptonewsland.com/23-35-bitcoins-later-metaplanets-1-6-million-crypto-acquisition/" rel="noopener noreferrer nofollow">consolidated performance</a> for the fiscal year ending December 2024. The company commits to promptly notify stakeholders if any significant impact is determined.
This shows Metaplanet’s commitment to integrating Bitcoin into its financial strategies, reflecting a growing trend among corporations to leverage cryptocurrency as part of their investment portfolios. For Instance <a href="https://cryptonewsland.com/microstrategys-bitcoin-stash-grows-to-226331-btc-with-latest-786m-purchase/" rel="noopener noreferrer nofollow">MicroStrategy now has a Bitcoin Stash</a> of 226,331 BTC after Latest Purchase of $786M worth of Bitcoin.
<h4 class="wp-block-heading" id="h-read-also">Read also</h4>
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 <li><a href="https://cryptonewsland.com/23-35-bitcoins-later-metaplanets-1-6-million-crypto-acquisition/" rel="noopener noreferrer nofollow">23.35 Bitcoins Later: Metaplanet’s $1.6 Million Crypto Acquisition</a></li>
 <li><a href="https://cryptonewsland.com/japans-metaplanet-announces-1-59-million-bitcoin-purchase-signaling-bullish-corporate-momentum-from-the-far-east/" rel="noopener noreferrer nofollow">Japan’s Metaplanet Announces $1.59 Million Bitcoin Purchase Signaling Bullish Corporate Momentum From the Far East</a></li>
 <li><a href="https://cryptonewsland.com/el-salvadors-first-step-to-issue-bitcoin-volcano-bonds/" rel="noopener noreferrer nofollow">El Salvador`s First Step To Issue Bitcoin Volcano Bonds</a></li>
 <li><a href="https://cryptonewsland.com/el-salvador-approves-bitcoin-backed-volcano-bonds/" rel="noopener noreferrer nofollow">El Salvador Approves Bitcoin-Backed ‘Volcano Bonds’</a></li>
 <li><a href="https://cryptonewsland.com/siemens-issues-first-blockchain-based-digital-bond/" rel="noopener noreferrer nofollow">Siemens Issues First Blockchain-Based Digital Bond</a></li>
</ul>
The post <a href="https://cryptonewsland.com/japanese-firm-metaplanet-raises-%c2%a51-billion-for-major-bitcoin-acquisition/" rel="noopener noreferrer nofollow">Japanese Firm Metaplanet Raises ¥1 Billion for Major Bitcoin Acquisition</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Japanese Firm Metaplanet Raises ¥1 Billion for Major Bitcoin Acquisition

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