Metaplanet Inc., a Japanese investment firm, plans to issue bonds worth 1 billion yen (approximately $6.26 million) to purchase Bitcoin. This initiative is part of their "Bitcoin-first" strategy to counter Japan's economic challenges, including high government debt and yen depreciation. The bond issuance, approved by the board, will increase Metaplanet's Bitcoin holdings from 141.07 BTC to about 241 BTC. The company's stock surged by 12.2% following this announcement.
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