Japan’s Metaplanet has secured 2 billion yen (approximately $13.4 million) through a new issuance of zero-interest bonds, aiming to bolster its Bitcoin (BTC) acquisitions. The Evo Fund has been designated as the sole bondholder.

Key Details:

• Metaplanet plans to use the raised funds to purchase additional BTC, including a recent acquisition of 150 BTC valued at around $12.5 million.
• Following this latest bond issuance, the company now holds a total of 3,200 BTC, worth about $265 million, ranking it as the 10th-largest public entity possessing Bitcoin, according to bitcointreasuries.net.

In a notification to stakeholders, the Tokyo-based organization announced that the bonds would mature on September 17. These financial maneuvers are part of Metaplanet’s ongoing strategy to expand its Bitcoin reserves, capitalizing on the recent price drops in BTC valued at roughly $83,300, indicating a near 24% reduction from its peak in January.

Last week, it was disclosed that Metaplanet had acquired 162 BTC for about $13.5 million, achieving an average price of $83,123 per coin.

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