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Japanese Investment Firm Metaplanet Makes Another Move to Buy Bitcoin! Here are the Details
Japanese investment firm Metaplanet has raised 2 billion yen (13.4 million dollars) through a new zero-interest bond issuance round, continuing its aggressive Bitcoin (BTC) accumulation strategy.
Metaplanet Issued $13.4 Million Zero-Interest Bonds to Buy More Bitcoin
According to a shareholder notification released today, publicly traded company funds will be used to buy more BTC, and Evo Fund will serve as the sole bondholder. All interest-free bonds will be repaid in full by September 17, 2025.
Stable Bitcoin Accumulation
Metaplanet, taking advantage of the recent market corrections, conducted regular bond issuances to increase its BTC reserves. Last week, the company purchased 162 BTC at an average price of $83,123 per BTC for $13.5 million.
According to Bitcointreasuries.net, with its recent purchases, Metaplanet now holds approximately 3,200 BTC worth about 265 million dollars and has become the 10th largest publicly traded Bitcoin holder.
This move reflects the continued confidence in Bitcoin as a treasure asset reflecting the strategies implemented by companies such as Metaplanet in the US, such as Strategy.