Metaplanet Raises 4.5 Billion JPY for Bitcoin Purchases, Stock Shoots 4,000

Metaplanet, popular as Japan’s MicroStrategy, has raised an additional 4.5 billion Japanese Yen through the issuance of ordinary bonds to fund the company’s additional Bitcoin buying. The bonds, which will carry no interest, were issued to EVO FUND and have a maturity date of June 16, 2025. Amid this development, the company’s stock price surged to new all-time highs taking the company valuation past $1 billion.

Metaplanet Issues 4.5 Billion JPY in Bonds for Bitcoin Purchases

On Tuesday, Japanese technology giant Metaplanet announced the issuance of its 4th Series Ordinary Bonds to raise funds for Bitcoin purchases. In its notice, Japan’s MicroStrategy stated that it plans to issue up to 4.5 billion yen worth of Bonds, with each bond valued at 2.5 billion yen.

Additionally, the Japanese technology firm also said that it plans to issue additional ordinary bonds (private placement bonds) totaling up to 5 billion JPY to the bondholder either in one or multiple tranches. The details of these future bond issuances, including interest rate, payment date, and maturity date, remain undecided.

Drawing a leaf from MicroStrategy’s playbook of Bitcoin acquisition, the Japanese firm has been on an aggressive Bitcoin buying spree since May 2024. The company has already added more than 1000 BTC to its balance sheet in a short period of time.

Stock Price Hits New All-Time High Above 4,000 JPY

The Metaplanet stock has recorded robust rally recently, hitting a fresh all-time high of 4,270 JPY earlier today. Just in the last five trading sessions, the stock price has surged by 51% while extending its year-to-date gains to a massive 2,450%. Thanks to the company’s Bitcoin acquisition strategy which has helped generate major gains for the company’s shareholders.

Metaplanet CEO Simon Gerovich announced major achievements for the company as its stock surged to record levels. The stock hit an all-time high of ¥4,270, alongside a record trading volume of ¥27.8 billion (~$180 million). With this rally, the company’s market capitalization crossed the $1 billion milestone, marking a significant achievement.

Milestones Achieved Today 🚀

All-Time High: ¥4,270
Record Volume: ¥27.8B (~$180M)
Market Cap: $1B milestone reached

Thank you to all shareholders for being part of this journey! pic.twitter.com/f6rnuLaCd0

— Simon Gerovich (@gerovich) December 17, 2024

The good this is that the Japanese firm is also passing on the rewards to its shareholders through its Bitcoin-focused shareholder program. Recently, the firm joined hands with SBI VC Trade Co., Ltd., a subsidiary of SBI Holdings, Inc. with its shareholder program designed to offer additional value to shareholders through rewards tied to Bitcoin.