Japanese investment firm Metaplanet is planning to sell one billion yen in bonds to buy Bitcoin, as part of its long-term strategy. The move, which was approved by the company’s board of directors today (June 24), forms part of their stated goals to increase cryptocurrency holdings for long-term investments. The billion yen (approximately $6.3 million USD) would allow Metaplanet to purchase almost 100 Bitcoin, increasing its holdings from 141.0.7 to around 241 BTC. According to a document posted on X by the Tokyo-based company, the bonds are set to be issued on June 26.
Comment on Japanese investment firm Metaplanet to sell $6m of bonds to buy Bitcoin
Ali Rees, ReadWriteWeb
Mon, 06/24/2024 - 6:47am
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