Metaplanet raises 4.5 billion yen to expand Bitcoin holdings, boosting stock prices and strengthening its position in the crypto market.
In a major development, Metaplanet, often referred to as Japan’s MicroStrategy, raised 4.5 billion Japanese Yen through the issuance of ordinary bonds on December 17. These bonds, which carry no interest, were sold to EVO FUND. The bonds have a maturity date set for June 16, 2025. The money received will go towards purchasing more bitcoins for the company to hold. This latest move is part of Metaplanet’s continuing drive to build up its cryptocurrency holdings.
After the bond issuance, Metaplanet, the company in question, saw its stock price soar to new record highs. The stock reached ¥4,270 and traded 17.8 million shares at ¥1,580,000,000 (~¥27.8 billion or $180 million). Consequently, the value of outstanding shares of the company reached and exceeded $1 billion, thus indicating the company’s increasing power within the market.
Besides the bond issuance, Metaplanet has also revealed a new plan to increase its Bitcoin reserve even more. The company plans to offer floating exercise price stock subscription rights to be used to raise 9.5 billion yen, or approximately 62 million US dollars. The extra capital will be applied to increase Bitcoin purchases, which were initiated on November 28, 2024. This move shows that Metaplanet is very willing to grow its digital asset holdings in the future.
Metaplanet Strengthens Position in Crypto Market with Strategic Focus on Bitcoin
Mr. Simon Gerovich of Metaplanet posted the achievement of the company on his X account. He mentioned high stock growth and record highs in trading activity. Gerovich said this has been a very important achievement for the company, especially because the stock has grown. They became influential in the cryptocurrency market, and this success can be attributed to Metaplanet. It also covers the approach used by the company to focus on Bitcoin, as the other large investors like MicroStrategy.
It fits into a larger trend of its performance and increasing Bitcoin reserves. There is an increasing attention from institutional investors toward the digital assets. Since Trump election win, many have started investing in cryptocurrencies. Further, many countries and states are now looking at Bitcoin for inclusion into their reserve currency. This transition to Bitcoin is aiding the overall adoption of digital currencies among businesses and other organizations.
Lastly, the actions of Metaplanet can be interpreted as shifting the financial environment. With each newly acquired Bitcoin, the company’s share becomes larger. Metaplanet is poised to play a significant role in the evolving digital asset market. Its latest funding moves further strengthen its position as a key player in the growing institutional adoption of Bitcoin.
