Investment company based in Japan metaplanetraised a total of 9.5 billion Japanese yen ($60.6 million) by issuing two bonds this week. The company uses this resource Bitcoin (BTC) $94,806.6 announced that it will be used to accelerate purchases.
2025 Plans Pushed to This Year
Metaplanet, which is traded on the Tokyo Stock Exchange, stated in its statement today that it issued the fifth ordinary bond worth 5 billion Japanese yen ($31.9 million). This follows the company’s 4.5 billion Japanese yen ($28.7 million) bond issuance announced on Tuesday. Both bond issues are interest-free and will mature on June 16, 2025.
CEO Simon Gerovich“These funds will enable us to move the Bitcoin purchases planned for 2025 to this year,” he said. This move of the company disrupted Bitcoin in May. strategic reserve asset It came after the decision to adopt it as.
As you may remember, Metaplanet has been BTC accelerated its purchases. As of December 18, the company has approximately 1,142 BTC. This amount corresponds to approximately 110.3 million dollars according to current market prices.
Mobility Continues in the Company’s Shares
In other news, Metaplanet shares rose on Friday Tokyo Stock ExchangeIt closed at 3 thousand 610 Japanese yen, with a decrease of 4.24 percent. However, the company’s share value has increased by 2,023 percent since the beginning of the year. On the other hand, the company is located Nikkei 225 index fell by 0.2 percent on the same day. Additionally, the company’s shares rose on Thursday in the U.S. OTCQX started to be traded in the market. Shares closed the first trading day with a decrease of 9.96 percent.
Metaplanet has made a name for itself with its recent Bitcoin purchases, but the company is still behind giant Bitcoin investors such as MicroStrategy. According to data from BitcoinTreasuries MicroStrategy It continues to be the largest institutional owner of Bitcoin with 439 thousand BTC.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
