🚀Tokyo consulting company Metaplanet is investing more than $6.2 million in Bitcoin for the purpose of “long-term storage.”

💡 Metaplanet, specializing in the hotel business and crypto consulting, raised 1 billion yen through the issuance of ordinary bonds. The company said it does not rule out the possibility of using cryptocurrency for “transactions or other purposes.”

🏢 The bonds will be offered through EVO FUND at 0.5% per annum and will mature next year. The collateral is the land and building of Hotel Royal Oak Gotanda, owned by Metaplanet's subsidiary, Wen Tokyo Inc.

📈 Following this news, Metaplanet shares jumped more than 9% on the Tokyo Stock Exchange.

🇯🇵 In May, Metaplanet announced it would begin purchasing Bitcoin in response to economic pressure in Japan. A survey by Nomura and Laser Digital found that more than 500 investment managers in Japan are considering investing in crypto.

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