Metaplanet Adds 20 Bitcoin to Balance Sheet

Japanese investment company Metaplanet purchased 20.195 Bitcoin today.

This move comes just one week after the company released a notice about its plans to acquire 1 billion yen worth of Bitcoin.

To increase its Bitcoin allocation, Metaplanet is issuing bonds worth millions of US dollars.

Buying 20 BTC

On July 1st, the publicly listed investment company Metaplanet added 20.195 BTC, worth 200 million yen, to its holdings: “We hereby announce that we have begun the purchase with 200 million yen worth of Bitcoin.”

A screenshot of the announcement was shared on its official X account.

The company was already highly invested in Bitcoin, owning a total of 141.0727 BTC.

After this purchase, Metaplanet now owns a total of 161.2677 Bitcoin worth 1.65 billion yen or more than 10 million dollars.

$6.2 Million Plan

But this is just a small step in Metaplanet’s plans to acquire more Bitcoin. It first started acquiring Bitcoin in April this year, claiming it wanted to reduce yen exposure and offer crypto assets to Japanese investors.

Then, on July 24th, it announced that it plans to invest a whopping 6.2 million US dollars: “Metaplanet Inc. hereby announces that the Board of Directors has resolved to purchase Bitcoin worth 1 billion yen as of today's meeting.”

The capital for this acquisition will be allocated through the issuance of “the second series of ordinary bonds,” Metaplanet stated in another post. These bonds have a 0.5% annual interest rate that will mature in June 2025. Furthermore, it explained that while the primary focus is holding long-term, there’s also the possibility of spending on “operations or other purposes”.

The company’s all-time average purchasing price per Bitcoin is now 10,231,438 yen, equaling just over 63 thousand US dollars.