Metaplanet, a Japanese publicly traded company, plans to raise 4.5 billion yen ($42 million) through unsecured bonds to acquire more Bitcoin (BTC). The issuance, which will be handled by X, marks a significant move by Metaplanet to further strengthen its Bitcoin reserves. The company currently holds Bitcoin as its primary asset. Metaplanet's decision to issue bonds for Bitcoin purchases underscores the growing institutional adoption of cryptocurrencies. The company's move follows a trend of other publicly traded companies adding Bitcoin to their balance sheets. The bond issuance will provide Metaplanet with additional capital to expand its Bitcoin holdings while benefiting from the potential appreciation of the cryptocurrency. The company's focus on Bitcoin aligns with its belief in the long-term value and growth potential of the asset.

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