Metaplanet Raises $25.9 Million to Boost Bitcoin Holdings
- Metaplanet Inc. raised $25.9 million (¥4 billion) through zero-interest, unsecured bonds.
- The funds aim to increase Metaplanet’s Bitcoin reserve to 21,000 BTC by 2026.
- Bonds will be redeemed by August 2025, with proceeds used for Bitcoin purchases.
- As of January, Metaplanet holds 1,761.98 BTC valued at approximately $186 million (¥27.9 billion).
- Metaplanet will join the MSCI Japan Index on February 28, 2025.
Metaplanet Inc., a Tokyo-based firm, has strategically shifted its financial management approach by raising $25.9 million through bonds to expand its Bitcoin reserves significantly and plans to join the MSCI Japan Index in February 2025.
Source (2.6)https://decrypt.co/305759/metaplanet-completes-25-9-million-bond-raise-to-expand-bitcoin-holdings?rand=52368
