Tokyo-headquartered consulting firm Metaplanet has allocated over $6.2 million to buy Bitcoin for long-term holding. The firm raised ¥1 billion yen through ordinary bonds to fund the purchase, underscoring its commitment to Bitcoin as a strategic treasury reserve asset.
Metaplanet already holds over 141 BTC and announced this move amid economic pressures in Japan, such as high government debt and a weak yen. The bonds will be offered at an annual interest rate of 0.5% and will mature on June 25, 2025.
A survey by Nomura revealed that over 500 investment managers in Japan are considering investing in crypto, highlighting a growing trend. Metaplanet’s significant Bitcoin purchase reflects the firm’s strategic vision and the broader shift towards crypto investment in Japan.
