Skip to content

Metaplanet Acquires Over 1,000 Bitcoin, Issues Bonds to Expand Holdings

Japanese public company Metaplanet Inc. has significantly increased its Bitcoin holdings by acquiring an additional 1,005 Bitcoin. This purchase forms a core part of the company’s strategic financial investment policy.

The company further demonstrated its commitment to this strategy through a substantial capital raise. Metaplanet issued bonds worth $208 million (¥33 billion), with the express purpose of using the proceeds to purchase more Bitcoin, aiming to further expand its cryptocurrency reserves.

This dual action highlights Metaplanet’s strong institutional belief in Bitcoin as a strategic treasury asset, positioning itself as a new kind of Bluechip company.

Leave a Reply

Your email address will not be published. Required fields are marked *

More Reading