Japanese Firm Metaplanet Issues 13.3 Million in Bonds for Bitcoin Acquisition
Metaplanet, a Japanese company, follows a strategic path similar to other major players in the market. The firm issued bonds worth 2 billion Japanese yen, equivalent to 13.3 million. The proceeds from these zero-interest bonds will be allocated to additional Bitcoin purchases.
Metaplanet is targeting increased Bitcoin holdings amid growing market interest. Investors will have the option to redeem these bonds at full value by September. This move underscores the expanding interest and investment strategies surrounding Bitcoin, indicating a growing recognition of its potential as an asset.