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Japanese Metaplanet Buys 555 BTC for $53.4M Using $25M 0% Bonds, Total Holdings Reach 5,555 BTC

Japanese Metaplanet Buys 555 BTC for $53.4M Using $25M 0% Bonds, Total Holdings Reach 5,555 BTCThe Defiant1 min read
Japanese Metaplanet Buys 555 BTC for $53.4M Using $25M 0% Bonds, Total Holdings Reach 5,555 BTC

Japanese publicly traded company Metaplanet has purchased an additional 555 bitcoins (BTC), valued at approximately $53.4 million, increasing its total Bitcoin holdings to 5,555 BTC. The acquisition was partly funded through a $25 million issuance of zero-percent bonds aimed at bolstering its Bitcoin portfolio. Metaplanet's recent purchase reflects its ongoing strategy to expand its Bitcoin treasury reserve, with indications that the company is targeting a total holding of 6,000 BTC.

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