Metaplanet, a listed Japanese company, announced on November 18 that they plan to issue 1.75 billion yen in ordinary bonds (guaranteed) with a one-year term and an annual interest rate of 0.36%. The funds will be used to purchase Bitcoin. Metaplanet’s stock price has risen by 1,017% this year, making it the best-performing Japanese stock in 2024.
Currently, the company holds 1,018.17 BTC with an average purchase price of $61,800. Based on the current BTC price, their floating profit exceeds $6 million.
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<p>The post Metaplanet’s Bitcoin Bond Funding Strategy first appeared on CoinBuzzFeed.</p>
