Japanese Firm Metaplanet Boosts Bitcoin Holdings with New Bond
Metaplanet, a Japanese company, is expanding its Bitcoin (BTC) holdings. It recently issued a ¥3.6 billion ($23 million) bond. This move aims to buy more BTC. The bond is the firm’s 12th such issuance. The funds will help Metaplanet grow its BTC reserve.
metaplanet has already made strides in its BTC strategy. It now holds over 5,000 BTC. The new bond will push it closer to its goal of 10,000 BTC by 2025. the company is serious about its crypto ambitions.
Metaplanet’s plan is bold. It seeks to amass a large BTC stash. The company’s strategy is clear: buy more BTC. The firm believes in BTC’s future.It sees the digital currency as a valuable asset. The bond will fuel its BTC buying spree. The company is on track to meet its 2025 target.
Metaplanet is not alone in this pursuit. Many firms see BTC as a solid investment. They aim to buy BTC at lower prices. They hope for future price gains. The firm’s latest move shows its commitment. It’s part of a growing trend.
Metaplanet is not the only player in this game. strategy, another firm, recently bought 15,355 BTC for $1.4 billion. This shows the growing interest in BTC. Firms are buying BTC at lower prices. They hope for future gains.
To support its BTC buying, Metaplanet set up a new company. Metaplanet Treasury Corp. is in Miami, Florida. It has $250 million to buy BTC. This shows Metaplanet’s commitment to BTC.
