Metaplanet Secures 4 Billion JPY for Bitcoin Purchases; Stock Joins MSCI Japan Index
- Metaplanet raised 4 billion JPY through 0% unsecured bonds to fund Bitcoin purchases.
- The company plans to invest JPY 107.3 billion in Bitcoin by February 2027.
- An additional JPY 5 billion is allocated for a Bitcoin income generation business until December 2025.
- Metaplanet holds approximately 1,761.98 BTC, valued at about JPY 27.9 billion.
- The company’s stock surged by 4000%, reaching an all-time high of 7,020 JPY.
Metaplanet’s strategic move to raise funds for Bitcoin investments and its inclusion in the MSCI Japan Index highlights its proactive approach amid economic challenges such as yen depreciation and negative interest rates.
Source (2.6)https://coingape.com/metaplanet-raises-4-billion-jpy-to-buy-more-bitcoin-stock-enters-msci-index/?rand=24432