A Japanese investment company has adopted a Bitcoin strategy similar to MicroStrategy and plans to use bond sales funds to buy $6 million worth of BTC. We provide funds from all investment trusts.
Japanese investment company Metaplanet Inc. plans to purchase Bitcoin (CRYPTO: BTC) worth 60 million dollars or more using the proceeds from future bond issues.
What happened: The company, which is listed on the Tokyo Stock Exchange, announced in a press release issued on Monday that its board of directors agreed to buy $1 billion worth of bitcoin worth $6.25 million at the time this document was written.
The funds to buy Bitcoin will be used from capital raising for the second series of ordinary bonds guaranteed by the company. The company added that this will result in all investment trusts.
The company once again emphasized that its basic policy is to hold bitcoins for the long term.
A prominent cryptocurrency analyst who points out three memecoins that are expected to have high returns in the future expressed a critical view on one memecoin related to Trump.
This announcement follows the company's continued push to add the world's largest digital assets to its balance sheet.
Earlier this month, it was announced that the total number of bitcoins held was 141.027, and the value had reached 8.7 million dollars, and the purchase of 250 million yen (15.6 million dollars) was disclosed. As a result, the company became the largest corporate owner in Japan.
The company adopted Bitcoin as a strategic financial asset in response to Japan's economic problems. As a result, the yen, which is the national currency, has rapidly weakened against the US dollar.
Although it is still a much smaller portfolio, Metaplanet's strategic actions reflect MicroStrategy's Bitcoin holding strategy. The company, co-founded by Michael Saylor, is the largest corporate owner of Bitcoin worth over $14 billion at this point.
It's fine to say that, but I'm worried about companies continuing questionable stocks
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日米株式、債券投資歴40年、その他FX、金、原油レバレッジ取引経験10年、ビットコインは2017年から投資開始継中
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麦マル : Great explanation, thank you
Japanese version of MicroStrategy
In the future, it is expected that the number of corporations holding bitcoins will increase in Japan as one of the asset values of companies.
Thank you for your continued explanations
Tea Chamomile : Who buys bonds? I still wonder if MetaPlanet can provide the advantages and credit of buying bonds over stocks