Metaplanet Issues $13.4M in Bonds to Strengthen Bitcoin Position
Metaplanet, a Tokyo-based investment firm, has issued 2 billion yen ($13.4 million) in zero-interest bonds, with proceeds allocated toward Bitcoin purchases. The bonds, backed by stock acquisition rights, were fully subscribed by Evo Fund and are set to mature on September 17.
As part of its ongoing Bitcoin accumulation strategy, Metaplanet used a portion of the funds to acquire 150 BTC, valued at approximately $12.5 million. This follows a recent purchase of 162 BTC for $13.5 million, bringing its total Bitcoin holdings to 3,200 BTC—now worth an estimated $265 million.
The company continues to capitalize on Bitcoin’s price dips, as the cryptocurrency trades around $83,300—24% below its record high in January. With this latest purchase, Metaplanet remains one of the largest publicly traded Bitcoin holders, currently ranking 10th, according to BitcoinTreasuries.net.
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