Metaplanet Acquires 162 Bitcoin for 13.5 Million Dollars, Issues New Bonds
In a bold move signaling its commitment to cryptocurrency, Metaplanet purchased 162 Bitcoin for a staggering 13.5 million dollars. To finance this acquisition, the company has also issued zero-coupon bonds. This strategic shift represents a significant transformation for Metaplanet, which is evolving from a traditional budget hotel operator to a major corporate player in Bitcoin holdings. Such investments potentially position Metaplanet for long-term profitability as it immerses itself further into the evolving cryptocurrency space. Investors and industry watchers alike will be keen to see how this move impacts its market presence.