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Bitcoin: Metaplanet Secures 3.6 Billion JPY

Metaplanet Raises 3.6 Billion JPY for Bitcoin Acquisition

  • Metaplanet raised 3.6 billion JPY (approximately $23 million) through ordinary bond issuance.
  • The bonds are interest-free and redeemable at face value by the end of October 2025.
  • The funds will be used to purchase Bitcoin, aiming to reach a target of 10,000 BTC by the end of 2025.
  • Metaplanet has accumulated over 5,000 BTC, including a recent purchase of 145 BTC in April.
  • A new US subsidiary was launched with $250 million operating capital to facilitate further Bitcoin purchases.

Metaplanet’s issuance of $23 million in bonds is part of its strategy to aggressively accumulate Bitcoin, with plans to increase its holdings significantly by the end of 2025.

Source (2.6)https://coingape.com/metaplanet-raises-3-6-billion-jpy-to-increase-bitcoin-holdings/?rand=24432
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