Japanese microstrategy Metaplanet borrows 1 billion yen to purchase Bitcoin

In the recent stock market downturn in Japan, following the trend of the US stock MicroStrategy (MSTR), the Japanese foreign company Metaplanet's stock also experienced a decline, but it has not changed its Bitcoin reserve strategy. Today (8/8), it announced another plan to raise 1 billion yen to purchase Bitcoin.

In recent days, the Japanese stock market experienced a significant decline, following the trend of the US stock market. Japanese foreign enterprise Metaplanet, which emulates MicroStrategy's strategy, also faced a decline in its stock price. Nevertheless, it remains committed to its Bitcoin reserve strategy. On August 8, it announced another plan to raise 1 billion Japanese yen to purchase Bitcoin.

Offering Loans to Shareholders at 0.1% Interest

According to public information from Metaplanet, the company raised 1 billion Japanese yen from its shareholder company based in the British Virgin Islands, offering an ultra-low interest rate of 0.1%. The funds will be used to buy Bitcoin, and the loan will mature in one year, to be repaid in a lump sum.

Although Metaplanet claims to be emulating MicroStrategy, its operations are not entirely identical to MicroStrategy's.

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