Saturday, June 7, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Metaplanet To Expand Bitcoin Holdings With $11.3 Million Bond Sale

November 19, 2024
in Bitcoin
Reading Time: 4 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on TwitterShare on E Mail


Este artículo también está disponible en español.

In an announcement at present, Japanese agency Metaplanet revealed plans to extend its Bitcoin (BTC) holdings by issuing $11.3 million price of bonds to fund the acquisition.

Metaplanet To Enhance BTC Holdings By way of Bond Issuance

The Tokyo-listed firm introduced on November 18 that its Board of Administrators had authorized a debt sale with a assure price 1.75 billion yen, or roughly $11.5 million. The bonds can have a one-year maturity interval, maturing on November 17, 2025, and can carry an rate of interest of 0.36% every year.

Associated Studying

The proceeds from the bond issuance can be used solely to buy BTC. It’s price noting that Metaplanet already holds 1,018 BTC on its steadiness sheet.

Also known as “Asia’s MicroStrategy,” Metaplanet’s newest BTC acquisition announcement comes only a week after the US-based enterprise intelligence agency MicroStrategy bought 27,200 BTC, price roughly $2.03 billion at present market costs.

Metaplanet started buying BTC as a strategic treasury reserve asset in April. The corporate introduced it was adopting a “Bitcoin-first, Bitcoin-only” method, mirroring MicroStrategy’s BTC funding technique.

Since April, the early-stage funding agency has steadily expanded its Bitcoin portfolio. As an illustration, the corporate acquired a further 20.195 BTC in June, price roughly $1.2 million. 

It added one other 38.464 BTC in September, valued at roughly $2 million. Most lately, in October, the agency introduced it had bought 156.78 BTC, bringing its complete holdings to over 1,000 BTC.

Regardless of the announcement of the bond issuance, Metaplanet’s share worth noticed little motion. The agency’s share closed the day with a modest 0.81% enhance on Monday.

Nevertheless, for the reason that firm started its Bitcoin acquisition technique, its inventory has skilled explosive progress. On April 4, 2024, Metaplanet’s shares traded at 190 yen ($1.23). At the moment, they commerce at 1,994 yen ($12.86), reflecting beneficial properties of practically 950% in simply over seven months.

Supply: Yahoo! Finance

Bitcoin Provide Shortage To Additional Propel Worth?

With rising retail, institutional, and even sovereign demand, Bitcoin’s restricted provide might result in a provide shock, doubtlessly driving the digital asset’s worth to unprecedented ranges. As a reminder, BTC’s complete provide is capped at 21 million by design.

Associated Studying

In response to a current evaluation by a CryptoQuant analyst, BTC reserves on cryptocurrency buying and selling platforms have fallen to a five-year low. The analyst additionally famous that extra buyers maintain Bitcoin long-term as a hedge towards rising inflation and foreign money debasement.

Equally, a current report means that BTC demand vastly exceeds its provide. This rising supply-demand imbalance might set the stage for Bitcoin’s subsequent main worth breakout.  BTC trades at $90,909 at press time, up 0.1% prior to now 24 hours.

bitcoin
BTC trades at $90,909 on the every day chart | Supply: BTCUSDT on TradingView.com

Featured picture from Unsplash, Charts from Yahoo! Finance and Tradingview.com



Source link

Tags: BitcoinbondexpandHoldingsMetaplanetmillionSale
Previous Post

Solana (SOL) Could Soon Rally Past $250—Are Bulls in Control?

Next Post

California Court Rules Lido DAO Members Can Be Held Liable Under Partnership Laws

Related Posts

Bitcoin Lags Behind Stocks Over The Past 2 Weeks – Temporary Pause Or Trend Shift?
Bitcoin

Bitcoin Lags Behind Stocks Over The Past 2 Weeks – Temporary Pause Or Trend Shift?

June 7, 2025
FCA Proposes Lifting Ban on Crypto ETNs for UK Retail Investors
Bitcoin

FCA Proposes Lifting Ban on Crypto ETNs for UK Retail Investors

June 7, 2025
Crypto Suffers $1 Billion Flush As Musk-Trump Feud Shakes Bitcoin
Bitcoin

Crypto Suffers $1 Billion Flush As Musk-Trump Feud Shakes Bitcoin

June 7, 2025
Brazil Defies Trump Tariff Threats, Backs Dollar-Free BRICS Trade
Bitcoin

Brazil Defies Trump Tariff Threats, Backs Dollar-Free BRICS Trade

June 7, 2025
Bitcoin 2025 Las Vegas: Here’s What Went Down
Bitcoin

Bitcoin 2025 Las Vegas: Here’s What Went Down

June 7, 2025
Bitcoin Blockchain Heats Up This Week: On-Chain Activity Sees Sharp Uptick
Bitcoin

Bitcoin Blockchain Heats Up This Week: On-Chain Activity Sees Sharp Uptick

June 6, 2025
Next Post
California Court Rules Lido DAO Members Can Be Held Liable Under Partnership Laws

California Court Rules Lido DAO Members Can Be Held Liable Under Partnership Laws

Ethereum’s Ether (ETH) Token Has Fallen Out of Investor Favor And How

Ethereum's Ether (ETH) Token Has Fallen Out of Investor Favor And How

Trump Media in Advanced Talks to Acquire Bakkt: A Bold Crypto Move

Trump Media in Advanced Talks to Acquire Bakkt: A Bold Crypto Move

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In