Metaplanet Raises BTC Stash to 13,350 Bitcoin, Issues $208M Bonds for Further BTC Buys
Metaplanet, the fifth largest corporate holder of Bitcoin, recently acquired an additional 1,005 BTC, raising its total holdings to 13,350 BTC. The firm, which is listed in Tokyo, is also issuing $208 million in 0% interest bonds as part of its strategy to enhance its Bitcoin acquisition efforts. This move comes alongside a larger initiative to raise $515 million through equity capital. The price of Bitcoin at the time of the announcement was trading at $108,250. Known for its commitment to holding Bitcoin (HODLing), Metaplanet is evolving its financial strategy amid the growing interest in cryptocurrency investment among corporations.
Source đź”—