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Metaplanet Issues $50M in New Bonds to Accelerate Bitcoin Accumulation

  • Metaplanet plans to raise $50 million through zero-interest bonds to accumulate more Bitcoin (BTC), with Cayman Islands-based investment firm Evo Fund being the sole bondholder.
  • Metaplanet has been aggressively acquiring Bitcoin, with recent acquisitions including 1,004 Bitcoins for $104.6 million, bringing its total holdings to 7,800 BTC.
  • Metaplanet has seen almost 20% profits on its Bitcoin investments, with its stocks being positively impacted as well, trading higher due to the perceived value of its Bitcoins.
  • MicroStrategy, another company actively acquiring Bitcoin, is aiming for a historic acquisition of $84 billion worth of Bitcoin purchases with a goal of 25% Bitcoin yield by 2025, amidst rising institutional interest and Bitcoin's price aiming for $120k.

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