Metaplanet to buy additional $11.7 million Bitcoin
Metaplanet to raise ¥1.75 billion (over $11.7) in bonds to buy Bitcoin (BTC). The publicly-listed Japanese company has also unveiled a shareholder benefits program. Metaplanet, a publicly-traded company listed in Japan, has announced plans to buy more Bitcoin (BTC) to add to its growing haul. On Nov. 18, the Tokyo Stock Exchange listed Bitcoin Treasury Company announced it was looking to raise ¥1.75 billion in bonds to buy the flagship cryptocurrency. The firm has issued one-year 0.36% bonds at ¥1.75 billion, approximately $11.7 million, and will use the proceeds to purchase more BTC. Currently, Metaplanet holds over 1,000 BTC. Metaplanet is Japan’s MicroStrategy Metaplanet’s board of directors resolved to issue the third series ordinary bonds during a meeting held on November 18, 2024, according to a regulatory disclosure. The bondholder will be EVO FUND, while the bonds will mature on November 17, 2025. In Oct., Metaplanet announc...