Japanese investment firm Metaplanet has secured 9.5 billion yen (approximately $60.6 million) through two bond issuances to bolster its Bitcoin acquisitions.
In a December 20 X post, the Tokyo-listed company announced it successfully raised 5 billion yen (approximately $31.9 million). This follows a previous issuance of 4.5 billion yen (about $28.7 million) earlier in the week. Both zero-interest bonds are set to mature on June 16, 2025.
Metaplanet CEO Simon Gerovich stated that the raised funds will enable the company to accelerate its planned Bitcoin acquisitions, bringing them forward into the current fiscal year.
This initiative is part of Metaplanet’s larger strategy to integrate Bitcoin as a central treasury reserve asset. On December 18, the firm announced that it expects to report its first consolidated operating profit since 2017. The company is projecting ¥890 million in revenue for fiscal year 2024, up from ¥261 million the previous year. It anticipates an operating profit of ¥270 million, a notable recovery from the ¥468 million loss in 2023. They attribute this turnaround to its Bitcoin-focused operations, which have become the foundation of its growth strategy.
Meanwhile, Metaplanet debuted on the OTCQX exchange in the U.S. under the ticker MTPLF starting December 19. The move is driven by rising global interest in its Bitcoin Treasury Strategy and increased demand from institutional and retail investors outside Japan. By listing on OTCQX, they aim to enhance accessibility for international investors. Gerovich highlighted that this is vital to improve global investor confidence, emphasizing the importance of expanding access for investors as Asia’s first Bitcoin Treasury Company.
Additionally, Metaplanet has launched a Bitcoin reward program with SBI VC Trade for shareholders holding at least 100 shares by December 31. Registration is required by March 31, 2025, with new account holders eligible from November 18, 2023. The initiative aims to boost Bitcoin adoption and shareholder value.
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