The Japanese company Metaplanet has just announced the issuance of a new series of bonds worth 1.75 billion yen (approximately $12 million).
Each bond is offered at a price of 43.75 million yen (equivalent to $283,031) and has an annual interest rate of 0.36%. This series of bonds is expected to mature on November 17, 2025.
Metaplanet has adopted MicroStrategy's strategy, borrowing at low interest rates to finance investments in Bitcoin. This company is currently the only representative from Japan in the list of the largest Bitcoin-holding companies.
The amount of BTC held by Metaplanet is about to surpass Canaan, one of the leading Bitcoin mining rig manufacturers. At the current BTC price, the company currently owns 1,018 BTC worth $92.6 million.
Meanwhile, Michael Saylor, the co-founder of MicroStrategy, remains steadfast in his Bitcoin acquisition strategy, even though his company has already accumulated $25.3 billion in Bitcoin. However, some experts warn that the debt-financed Bitcoin buying strategy may not be sustainable, with BitMEX Research recently warning that MicroStrategy could be forced to sell some of its Bitcoin if pressured by shareholders.
Despite the risks, this strategy has become a model for other businesses to shift towards Bitcoin investment. According to information from Bitcoin Magazine, the healthcare technology company Selmer Scientific has also recently announced plans to issue additional debt to finance future investments in Bitcoin.
However, the adoption of Bitcoin in the business community is still in its early stages, with a limited number of companies outside the cryptocurrency industry participating.
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Thạch Sanh
According to U.today
