{"id":21461,"date":"2024-11-18T18:32:19","date_gmt":"2024-11-18T18:32:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=21461"},"modified":"2024-11-18T18:32:19","modified_gmt":"2024-11-18T18:32:19","slug":"metaplanet-issues-11-3m-bond-sale-to-acquire-more-bitcoin","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=21461","title":{"rendered":"Metaplanet Issues $11.3M Bond Sale To Acquire More Bitcoin"},"content":{"rendered":"

Tokyo-listed Metaplanet has announced a significant move to bolster its Bitcoin holdings by issuing one-year ordinary bonds totaling 1.75 billion yen ($11.3 million) at an annual interest rate of 0.36%.<\/span><\/p>\n

The funds raised will be entirely allocated to acquiring Bitcoin, the company revealed on Monday, 18 November 2024, through a<\/span> post on X<\/span><\/a>. The initiative follows a similar strategy employed by US-based MicroStrategy, which has become the largest corporate Bitcoin investor.<\/span><\/p>\n

EXPLORE: 10 Best Crypto Trading Signals Sites in 2024<\/a><\/p>\n

Metaplanet Has Amassed Over 1,000 BTC<\/strong><\/h2>\n

Metaplanet began purchasing Bitcoin in April 2024 as a hedge against Japan\u2019s mounting debt and currency volatility. Since then, the company<\/span> has amassed 1,018 BTC<\/span><\/a>, valued at approximately $92.33 million, according to Bitcoin Treasuries.<\/span><\/p>\n

This marks a significant increase from its holdings of 492.82 BTC in late September. The firm has also employed Bitcoin options strategies to enhance its portfolio.<\/span><\/p>\n

*Metaplanet Issues \u00a51.75 Billion in 1-year 0.36% Bonds, Proceeds to Fund Additional Purchases of $BTC<\/a>* pic.twitter.com\/Jv3IEylplA<\/a><\/p>\n

\u2014 Metaplanet Inc. (@Metaplanet_JP) November 18, 2024<\/a><\/p>\n\n

Dubbed \u201cAsia\u2019s MicroStrategy,\u201d Metaplanet has adopted an aggressive approach to Bitcoin acquisitions, even introducing a Key Performance Indicator (KPI) similar to MicroStrategy\u2019s \u201cBTC Yield\u201d to measure the impact of Bitcoin on shareholder returns.<\/span><\/p>\n

The company\u2019s Q3 financial report highlighted a notable $28 million increase in its Bitcoin holdings since the start of its acquisition strategy, underscoring the asset\u2019s potential amid a broader crypto rally. Bitcoin has surged over 105% this year, reaching $87,000.<\/span><\/p>\n

In October alone, Metaplanet added over 156 BTC worth $10 million to its portfolio, bringing its total Bitcoin investment to $64 million. The company also reported a 46.3% year-over-year increase in revenue to $1.7 million, largely driven by its hotel business and digital asset ventures.<\/span><\/p>\n

Despite this, Metaplanet recorded a net loss of $2.1 million for the nine months ending September 30, 2024, an improvement from the $2.7 million loss reported in the same period last year.<\/span><\/p>\n

Metaplanet has raised over $26.7 million this year through stock issuances and bond sales, signaling its commitment to expanding its Bitcoin holdings.<\/span><\/p>\n

The firm\u2019s CEO stated in a recent report that capital market activities and operational income would continue to drive Bitcoin acquisitions as part of its long-term strategy.<\/span><\/p>\n

EXPLORE: 12 Best Meme Coin ICOs & Presales to Invest in 2024<\/a><\/p>\n

Healthcare Tech Firm Semler Increases Bitcoin Holdings To 1058 BTC<\/strong><\/h2>\n

As reported, healthcare technology firm Semler Scientific<\/span> has expanded its Bitcoin portfolio<\/span><\/a>. It purchased an additional 47 BTC for $3 million. The acquisition brings the company\u2019s total holdings to 1,058 BTC as part of its ongoing strategy to accumulate Bitcoin.<\/span><\/p>\n

The company has positioned Bitcoin as its primary treasury asset. It purchased 141 BTC for $8.4 million in the third quarter alone. Semler\u2019s strategy mirrors that of MicroStrategy, which holds 252,220 BTC, making it the largest public corporate holder of Bitcoin.<\/span><\/p>\n

\u201cWe are capitalizing on the opportunity to maximize stakeholder value by accumulating Bitcoin,\u201d Eric Semler, the company\u2019s chairman, said.<\/span><\/p>\n

He added that Semler plans to continue purchasing Bitcoin using operational cash flow and proceeds from its at-the-market (ATM) program, which became effective on 13 August 2024 and allows for the sale of up to $50 million in common stock.<\/span><\/p>\n

EXPLORE: The 18 Best New Cryptocurrencies to Invest in 2024<\/a><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/p>\n

The post Metaplanet Issues $11.3M Bond Sale To Acquire More Bitcoin<\/a> appeared first on <\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Tokyo-listed Metaplanet has announced a significant move to bolster its Bitcoin holdings by issuing one-year ordinary bonds totaling 1.75 billion yen ($11.3 million) at an annual interest rate of 0.36%. The funds raised will be entirely allocated to acquiring Bitcoin, the company revealed on Monday, 18 November 2024, through a post on X. The initiative […]<\/p>\n","protected":false},"author":0,"featured_media":21462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21461"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21461"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21462"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}