{"id":128897,"date":"2025-05-09T07:18:18","date_gmt":"2025-05-09T07:18:18","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128897"},"modified":"2025-05-09T07:18:18","modified_gmt":"2025-05-09T07:18:18","slug":"metaplanet-is-raising-another-21m-through-bonds-to-buy-more-bitcoin","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128897","title":{"rendered":"Metaplanet is raising another $21M through bonds to buy more Bitcoin"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsFresh off its most recent Bitcoin purchase, Japanese investment firm Metaplanet is raising more funds through another bond issue to expand its growing crypto treasury.<br \/>\nThrough a $21.25 million issue of \u201c0% Ordinary Bonds,\u201d  all the \u201cfunds raised will be allocated to the purchase of Bitcoin,\u201d the firm said in a May 9 statement.<br \/>\nZero-coupon bonds don\u2019t offer any interest to the holder. Most of the time, they are issued at a steep discount from their normal value, and when they mature, the holder receives the full value.<br \/>\nAfter its most recent May 9 board of directors meeting, the firm said it will issue a 14th Stock Acquisition Rights to EVO Fund, an investment management firm in the Cayman Islands, with a redemption date of Nov. 7.<br \/>\nSource: MetaplanetAt current prices, Metaplanet could buy 206 Bitcoin (BTC) if it raises the full $21.25 million, according to CoinGecko. The firm first flagged plans to buy Bitcoin last April.\u00a0<br \/>\nWith its current stash, BitcoinTreasuries.NET shows Metaplanet is Asia\u2019s largest public corporate holder of Bitcoin and ranks 11th globally.<br \/>\nMetaplanet\u2019s stock (3350T) has shot up over 1,600% in the last year and is trading for 511 Japanese yen ($3.50), according to Google Finance.<br \/>\nMetaplanet\u2019s share price has shot up significantly in the last year. Source: Google FinanceMetaplanet just keeps buying Bitcoin\u00a0<br \/>\nOn May 7, the Tokyo-listed firm disclosed that it spent $53.4 million acquiring 555 Bitcoin at an average price of $96,134. The company now holds 5,555 BTC, purchased for $481.5 million at an average price of $86,672.\u00a0<br \/>\nMetaplanet also announced on May 7 the issuance of another $25 million in zero-coupon ordinary bonds to fund more Bitcoin buys<br \/>\nOn May 1, Metaplanet said it would launch a wholly owned US subsidiary, Metaplanet Treasury, based in Florida. It plans to raise $250 million to further its Bitcoin strategy and tap the US capital markets.<br \/>\nRelated: How much Bitcoin can Berkshire Hathaway buy?<br \/>\nMeanwhile, a growing number of companies have decided to add Bitcoin to their balance sheets, following in the steps of Michael Saylor\u2019s company, Strategy, formerly MicroStrategy.\u00a0\u00a0<br \/>\nStrive Asset Management announced on May 7 that it will transition into a Bitcoin treasury company. Meanwhile, video game retailer GameStop Corporation (GME) finished a convertible debt offering on April 1 that raised $1.5 billion, with some proceeds earmarked for buying Bitcoin.\u00a0<br \/>\nMagazine: Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review<a href=\"https:\/\/cointelegraph.com\/news\/metaplanet-raising-another-21m-buy-more-bitcoin?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsFresh off its most recent Bitcoin purchase, Japanese investment firm Metaplanet is raising more funds through another bond issue to expand its growing crypto treasury. Through a $21.25&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128897"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128897"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128897\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128897"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}