Japanese micro-strategy Metaplanet issues 1 billion yen corporate bonds to buy Bitcoin! Annual interest rate 0.5%

Metaplanet, known as the Japanese version of micro-strategy, issued its second general corporate bond, indicating that it will be used to purchase Bitcoin, which may be exactly the same as the operation method of micro-strategy.

According to the documents, Metaplanet issued a total of 1 billion yen (approximately US$6.26 million) in general corporate bonds, with each unit worth 50 million yen (US$310,000), with an annual interest rate of 0.5%. Every 100 yen of bonds can be exchanged for the equivalent amount of Metaplanet stock.

The issuance date of this corporate bond is June 24, 2024, and the redemption date is June 25, 2025. They will be fully redeemed after maturity.

This method in which a listed company buys Bitcoin and investors exit from the listed company’s stocks can also be said to be an alternative way for institutions to enter and exit Bitcoin. It is the most thorough practice of micro-strategy for American listed companies. .

Metaplanet is up nearly 12% today.

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