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Metaplanet, a Tokyo-based company, has issued ¥2.25 billion ($15 million) in zero-interest ordinary bonds to purchase additional Bitcoin. The unsecured, non-interest-bearing bonds will mature in November 2025, according to company filings from Metaplanet_JP. This debt-funded strategy is aimed at expanding Metaplanet's Bitcoin reserves, following a recent acquisition of 1,241 BTC. The company's current holdings stand at 6,796 BTC, with a stated goal of reaching 10,000 BTC by the end of the year. Such a corporate approach to Bitcoin accumulation has been rarely seen outside of firms such as MicroStrategy.
METAPLANET ISSUES $15M IN BONDS TO BUY MORE BITCOIN Japan’s Metaplanet is issuing $15M in zero-interest bonds to expand its Bitcoin reserves—aiming to hit 10,000 BTC by year-end. The move follows its recent 1,241 BTC purchase, with current holdings at 6,796 BTC. Source: https://t.co/LaPcU0DSsg
Nakamoto looks to be a kind of "fund of funds" holding mini MSTRs in small geographies like Brazil. The idea is "mnav harvesting" across all jurisdictions. Given the success of Metaplanet, this could absolutely work,
HUUUUGE!!! 🔥 METAPLANET ISSUES $15 MILLION IN BONDS TO BUY MORE #BITCOIN!!! https://t.co/GkbBNDe7SO