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Metaplanet Inc. is set to issue ¥5 billion ($31.9 million) in ordinary bonds to expedite its Bitcoin acquisitions, moving purchases originally planned for 2025 to 2024. The bonds, carrying no interest and redeemable at face value, will be allocated to EVO FUND and are scheduled for issuance on December 20, 2024, maturing on June 16, 2025. The company has recently raised a total of ¥9.5 billion ($60.6 million) through bond issuances, further solidifying its Bitcoin-centered strategy, which includes a new treasury operations division focused on managing cryptocurrency investments.
Japanese investment firm Metaplanet has raised nearly $61 million to expand its Bitcoin holdings, issuing 5 billion yen in bonds despite shareholder skepticism. Following its declaration as a "Bitcoin treasury company," Metaplanet's stock has seen a significant decline, reflecting investor concerns over its strategy. Meanwhile, Bitcoin recently reached an all-time high of $108,135 before experiencing a drop amid hawkish comments from the Federal Reserve.
Metaplanet, a Japanese Bitcoin-focused investment firm, will begin trading on the US OTCQX Market under the ticker MTPLF on December 19, following a remarkable 2,200% stock growth this year. CEO Simon Gerovich emphasized the importance of this expansion for attracting global investors and enhancing confidence in the company's innovative Bitcoin Treasury Strategy. The firm plans to bolster its Bitcoin holdings while hedging against currency fluctuations and diversifying revenue through various financial instruments.
Metaplanet's stock plummeted 13.73% after the company announced its new Bitcoin Treasury Operations, despite Bitcoin reaching an all-time high above $108,000. The Tokyo-based firm plans to increase its Bitcoin holdings and projects a 240% revenue increase for the fiscal year, aiming for a consolidated operating profit for the first time since FY2017. Currently, Metaplanet holds 1,142.287 BTC, valued at $119 million, positioning it as one of Japan's largest corporate Bitcoin holders.
Metaplanet has officially launched Bitcoin Treasury Operations, aiming to integrate Bitcoin into its financial framework. The Tokyo-based company plans to purchase, hold, and manage Bitcoin, leveraging various financial instruments while generating income from Bitcoin put option sales. With projected revenue of 890 million yen for the fiscal year, Metaplanet is on track for its first consolidated operating profit in seven years, bolstered by significant unrealized gains on its BTC holdings.
Metaplanet is set to achieve its first operating profit in seven years, projecting 890 million Japanese yen ($5.8 million) in revenue for the fiscal year ending December 31, 2024, largely due to Bitcoin put options sales. The Tokyo-based investment firm, which has pivoted to Bitcoin as a treasury asset, plans to formalize Bitcoin accumulation and management as a new business line while continuing to leverage put options for revenue. With 1,142 Bitcoin valued at approximately $119.4 million, Metaplanet is now the second-largest corporate Bitcoin holder in Asia.
The Bank of England's Prudential Regulation Authority (PRA) has mandated that firms disclose their current and anticipated exposure to crypto assets by March 2025. This directive aims to enhance financial stability and inform the central bank's regulatory approach, requiring firms to report on their application of the Basel framework and future crypto engagement plans until September 2029. The PRA has raised concerns about the risks associated with permissionless blockchains, which it currently deems insufficiently mitigated.
CoinShares predicts a significant overhaul in U.S. crypto regulation under the Trump administration in 2025, favoring Bitcoin (BTC) while altcoins may outperform in the near term. The rise of Bitcoin-yielding companies and Ethereum's Layer 2 solutions are also expected to shape the market, with businesses increasingly adopting Bitcoin as a treasury asset to generate returns. As major companies begin accepting crypto payments, BTC is positioned as both a store of value and a source of passive income.
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