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Japanese Bitcoin Backer Company Metaplanet Makes a New Move to Buy More Bitcoin! Here are the details
Metaplanet is strengthening its commitment to the leading cryptocurrency as a strategic reserve asset by raising 2 billion yen (13.3 million dollars) through a zero-interest bond issuance to expand its Bitcoin (BTC) holdings.
Metaplanet Raises $13 Million in Zero-Interest Bonds to Expand Its Bitcoin Holdings
Newly issued ordinary bonds will be exclusively allocated to Evo Fund and the maturity date is set as August 26. The repayment will be supported by the proceeds from the company's share acquisition rights, providing financial security for investors.
Continue Bitcoin Investment Strategy
Metaplanet's latest move is in line with its ongoing Bitcoin hoarding strategy, mirroring the approach taken by major institutional players such as Strategy. The firm sees Bitcoin as a long-term store of value and is further integrating it into its financial strategy.
This latest zero-interest fund-raising round, along with doubling Metaplanet's crypto-focused investment thesis, points to increasing institutional confidence in Bitcoin as a reserve asset.