Fintech/Investments/Markets
Metaplanet Acquires 1,005 Bitcoin and Issues $208 Million in Bonds for Further Purchases
Metaplanet, the fifth largest corporate holder of Bitcoin, is raising $515 million and increasing its BTC stash significantly.
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What You Need to Know:
- The Tokyo-based company has announced plans to issue $208 million in 0% interest bonds to acquire more Bitcoin (BTC).
- With the latest acquisition, Metaplanet’s Bitcoin total now amounts to 13,350 BTC.
Details of the Acquisition:
MetaPlanet has recently acquired 1,005 Bitcoin, increasing its total to 13,350 BTC. The Tokyo-listed hotel chain is also launching ordinary bonds with a 0% interest rate, totaling $208 million, to further its Bitcoin acquisition strategy.
At the time of reporting, Bitcoin is trading at about $108,250.
Read More:
Metaplanet Raises $515M, Blockchain Group Adds $4.8M in Bitcoin Treasury Equity Moves
