Shorts seize on Japan’s Metaplanet as stock soars to $596,154 per Bitcoin https://t.co/366VsH22Wb
Metaplanet has issued $50M in zero-interest bonds to buy more Bitcoin, its 16th bond round so far. The company plans to accumulate 10,000 $BTC by the end of 2025 and currently holds 7,800 BTC. Shares closed up 9.5% after the news. https://t.co/riLdWC3xDQ
Metaplanet eyes more bitcoin purchases with new $50 million bond raise https://t.co/ZO8vszVAik
Japanese firm Metaplanet, known as Asia's largest corporate Bitcoin holder with approximately 7,800 BTC valued around $850 million, has issued $50 million in zero-interest bonds to increase its Bitcoin holdings. The bonds, which mature in November 2025 and are redeemable at par value, represent Metaplanet's 16th bond issuance aimed at Bitcoin accumulation. The company plans to hold 10,000 BTC by the end of 2025. Meanwhile, Strive Asset Management, led by Vivek Ramaswamy, closed a $750 million private investment in public equity (PIPE) deal with potential to raise an additional $750 million through warrants, targeting a total of $1.5 billion to fund Bitcoin purchases. Strive's strategy includes acquiring distressed biotech firms, Mt. Gox Bitcoin claims, and deploying alpha-generating credit strategies to build its Bitcoin treasury. This approach positions Strive as one of the largest Bitcoin treasury holders. Additionally, Japanese energy and automotive company Remixpoint announced plans to purchase an additional ¥1 billion worth of Bitcoin, aiming to reach 1,000 BTC. These corporate moves reflect a growing institutional interest in Bitcoin accumulation, with Metaplanet trading at a premium of nearly $600,000 per Bitcoin in stock value.