Metaplanet issues 1 billion yen bond to invest in Bitcoin in Japan

Metaplanet, the Japanese investment firm known as Asia's MicroStrategy, has announced that it will increase its Bitcoin holdings.
According to CryptoPotato on the 25th (local time), Metaplanet has raised approximately $6.26 million (
The announcement caused Metaplanet's stock price to soar by 12%, a sign of the community's support for such a purchase.
Metaplanet said in a press release that its board of directors had decided to buy more Bitcoin and to make additional investments by issuing guaranteed general notes.
The notes will bear interest at about 0.5% per year and are scheduled to mature on June 25, 2025, according to a separate statement. The company has set a payment date for the notes of June 26, 2024.
Given the current Bitcoin price, the new infusion of funds from the bond issuance is expected to bring investment to around 100 BTC.
Metaplanet records Bitcoins intended for long-term holding at cost and is exempt from end-of-period market value valuation tax.
Other BTC holdings will be valued at market value each quarter, with any unrealized gains or losses reflected in the income statement as non-operating income or expenses.
Prior to this, Metaplanet purchased BTC on April 23, May 10, and June 11.
The company purchased approximately 23,351 BTC. Currently, Metaplanet holds over 141 BTC as part of its investment portfolio.