🇯🇵 Metaplanet Prepares to Buy Bitcoin for $29 Million
The company Metaplanet, known as the Japanese MicroStrategy, has raised an additional $4.5 billion Japanese yen ($29 million) through the issuance of regular bonds to finance further Bitcoin purchases.
📈 The bonds, which will not pay interest, were issued for EVO FUND and have a maturity date of June 16, 2025. In this way, Metaplanet aims to replicate MicroStrategy's success and become a major player among large BTC holders.
🔼 Against this backdrop, Metaplanet's shares have risen by 51% over the last five trading sessions, reaching new all-time highs. Meanwhile, BTC is preparing to break a new ATH above $108,000.
