On November 18, Metaplanet, a Japanese listed company, announced plans to issue ordinary bonds worth 1.75 billion yen with an annual interest rate of 0.36% and a term of one year. All proceeds will be used to purchase Bitcoin. Metaplanet has seen its stock price rise 1,017% this year due to its Bitcoin investment strategy, making it the best-performing Japanese stock in 2024.
It is now the second largest Bitcoin corporate holder in Asia, after Boyaa Interactive, with 1,018.17 BTC held at an average purchase price of $61,800, resulting in a floating profit of over $6 million. In summary, Metaplanet is issuing bonds to buy Bitcoin, which has greatly increased its stock value this year, making it a top performer and the second largest Bitcoin corporate holder in Asia.
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<p>The post Metaplanet Issues 1.75 Billion Yen Guaranteed Bonds to Purchase Bitcoin first appeared on CoinBuzzFeed.</p>
