- MetaPlanet adds Bitcoin treasury operations to strengthen its financial strategy.
- Bitcoin purchases increase as yen weakens, with a focus on capital-raising tools.
- MetaPlanet issues $30M in bonds to fund Bitcoin acquisition and growth.
Japanese investment firm MetaPlanet has started a new business venture focused on Bitcoin financial management.
The company announced on December 18, 2024, that it is making Bitcoin a core part of its operations, formally establishing a Bitcoin treasury function. This move fits with MetaPlanet’s plan to use Bitcoin instead of the yen.
However, MetaPlanet’s Board of Directors decided to make Bitcoin treasury operations a new business line, showing the company’s changing financial strategy. This decision comes after steps like its resolution to purchase Bitcoin for treasury management.
In line with this approach, MetaPlanet’s leadership has set a “Bitcoin First, Bitcoin Only” policy, prioritizing Bitcoin accumulation. This policy uses capital-raising tools like loans, equity issuances, and convertible bonds.
Furthermore, MetaPlanet updated its Articles of Incorporation in 2024 to include Bitcoin-related business, allowing the firm to hold, invest in, and manage Bitcoin. Shareholders approved this change in a December 2024 meeting, where they also agreed to increase authorized shares to support future Bitcoin purchases.
Read also: Metaplanet Raises $66 Million to Explore Bitcoin’s Potential
Growing Role of Bitcoin Amid Economic Pressures
MetaPlanet’s need for more Bitcoin storage is critical as the Japanese yen falls against the U.S. dollar. The firm also sells Bitcoin put options to profit from Bitcoin’s price swings.
In addition, MetaPlanet now has access to Bitcoin Magazine in Japan. This helps the company promote Bitcoin education and adoption in the Japanese market, making it a leader in the nation’s Bitcoin ecosystem.
Issuance of New Ordinary Bonds to Fuel Bitcoin Purchases
To further its Bitcoin acquisition strategy, MetaPlanet has issued new ordinary bonds worth $30 million (¥4.5 billion). This bond issuance, announced with the launch of the company’s Bitcoin treasury operations, is its largest yet.
The funds will go toward MetaPlanet’s Bitcoin purchases, helping the company grow its reserves and become a leader in the Japanese Bitcoin ecosystem.
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