Metaplanet is making waves in the Bitcoin ocean! 🌊 The Tokyo-listed company has announced a bold move to boost its BTC holdings by issuing ¥1.75 billion ($11.3 million) in bonds. With a 0.36% interest rate, these bonds are set to mature in November 2025.
Following in the footsteps of MicroStrategy, Metaplanet is diving deeper into the crypto world, using the proceeds exclusively for Bitcoin purchases. This strategic move aims to hedge against yen instability and Japan's debt concerns.
Currently holding 1,018 BTC, Metaplanet is on a mission to grow its crypto reserves, though still far behind MicroStrategy's massive 331,200 BTC stash. 🚀