Japanese investment firm Metaplanet Inc. has secured 9.5 billion yen ($60.6 million) through two tranches of bond issuance this week, with the aim of accelerating its Bitcoin purchases. The Tokyo-listed company issued a 5 billion yen ($31.9 million) bond today, following a 4.5 billion yen ($28.7 million) bond issuance announced earlier in the week. Both bonds are interest-free and are set to mature on June 16, 2025.
“These funds will accelerate Bitcoin purchases originally planned for 2025 into the current year,” stated Simon Gerovich, CEO of Metaplanet, in a post on X.
Metaplanet has been actively acquiring Bitcoin since announcing in May its decision to adopt the cryptocurrency as a strategic treasury reserve asset. As of December 18, the firm held approximately 1,142.287 BTC, valued at $110.3 million at current market prices.
Despite this announcement, Metaplanet’s stock on the Tokyo Stock Exchange dropped 4.24% today, closing at 3,610 yen. Year-to-date, however, the stock has risen by an impressive 2,023%. On the U.S. OTCQX market, where the company began trading on Thursday, shares fell 9.96% on their first day, according to Google Finance.
MicroStrategy remains the largest public corporate Bitcoin holder, with a total of 439,000 BTC, according to data from BitcoinTreasuries.