{"id":142535,"date":"2024-11-18T15:00:12","date_gmt":"2024-11-18T13:00:12","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142535"},"modified":"2024-11-18T14:12:10","modified_gmt":"2024-11-18T12:12:10","slug":"japanese-firm-metaplanet-expands-bitcoin-holdings-with-11m-bond-issuance","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/japanese-firm-metaplanet-expands-bitcoin-holdings-with-11m-bond-issuance\/","title":{"rendered":"Japanese Firm Metaplanet Expands Bitcoin Holdings with $11M Bond Issuance"},"content":{"rendered":"
The move<\/a><\/strong>, reminiscent of MicroStrategy\u2019s aggressive Bitcoin<\/a><\/strong> strategy, has been part of Metaplanet\u2019s efforts to expand its cryptocurrency reserves since May 2024. Following this announcement, the firm\u2019s stock briefly climbed above the 2,000 JPY mark on Monday before facing resistance.<\/p>\n The latest bond issuance amounts to \u00a51.75 billion (approximately $11.3 million) with a 0.36% annual coupon rate. Proceeds will be allocated to increasing the company\u2019s Bitcoin holdings, which already exceed 1,000 BTC.<\/p>\n This strategic approach also includes leveraging Bitcoin options to optimize their portfolio, a tactic that contributed to an impressive 155% yield on their Bitcoin investments in the last quarter.<\/p>