Japanese digital-asset holding company Metaplanet said its board approved the issuance of $210 million in zero-coupon straight bonds, all subscribed by EVO Fund, with the proceeds dedicated to expanding its Bitcoin treasury. Shortly after the financing, the firm purchased 1,112 Bitcoin for about ¥16.88 billion ($117.2 million) at an average price of $104,760, lifting its holdings to 10,000 BTC valued at roughly $1.06 billion.
The latest acquisition pushes Metaplanet ahead of Coinbase Global on the list of corporate Bitcoin owners and makes it one of the ten largest holders worldwide. The ¥30 billion bond issue carries no interest and is repayable in U.S. dollars, mirroring the leveraged treasury strategy pioneered by MicroStrategy in the United States.
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