Tokyo-based investment firm Metaplanet has unveiled plans to issue ordinary bonds worth 1.75 billion yen (over $11 million) to fund additional Bitcoin acquisitions, according to a Nov. 18 statement.
The bonds come with an annual interest rate of 0.36% and a maturity date of Nov. 17, 2025. They have been exclusively allocated to EVO FUND, an investment management entity with significant ownership in Metaplanet.
Although the bonds are not directly collateralized, they are secured through the land and building of Hotel Royal Oak Gotanda. This property, owned by Metaplanet’s subsidiary Wen Tokyo, is protected by a first-priority mortgage. The arrangement ensures coverage for any potential claims by bondholders.
Metaplanet’s bond issuance mirrors a playbook famously used by MicroStrategy, which is known for leveraging debt to expand its Bitcoin holdings. The Michael Saylor-led company recently disclosed plans to raise $42 billion for further Bitcoin investments. MicroStrategy remains th
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