Metaplanet plans buying more Bitcoin
The Japanese investment firm Metaplanet is expanding its crypto treasury by issuing additional bonds, following its most recent acquisition of Bitcoin
Quick overview
- The Japanese investment firm is expanding its crypto treasury by issuing $21 million in zero-coupon bonds to fund Bitcoin purchases.
- The company recently acquired 555 Bitcoin for $53.4 million, bringing its total holdings to 5,555 Bitcoin valued at $481.52 million.
- Metaplanet plans to raise $250 million through its US subsidiary to enhance its Bitcoin strategy and access US capital markets.
- The trend of companies adding Bitcoin to their balance sheets is growing, influenced by strategies from firms like Michael Saylor's.
Live BTC/USD Chart
The Japanese investment firm is expanding its crypto treasury by issuing additional bonds, following its most recent acquisition of Bitcoin. In a statement released on May 9, the company stated that “funds raised will be allocated to the purchase of Bitcoin” through a $21 million issue of “0 percent Ordinary Bonds.”.
The holder of a zero-coupon bond receives no interest. They are typically issued at a significant discount to their full value, which is paid to the holder upon maturity.
The company announced it would issue 14th Stock Acquisition Rights to Cayman Islands investment management company EVO Fund, with a November 7 redemption date following its most recent board of directors meeting on May 9.
The Tokyo-listed company revealed on May 7 that it had paid $ 53.4 million to purchase 555 Bitcoin at an average price of $96,134. The business currently owns 5,555 Bitcoin, which were acquired for $481.52 million at an average price of $86,672.
Metaplanet announced on May 7 that it would issue $25 million in zero-coupon ordinary bonds to finance additional Bitcoin purchases.
Metaplanet created Metaplanet Treasury, a fully owned US subsidiary in Florida. To expand its Bitcoin strategy and access US capital markets, it intends to raise $250 million. As a result of Michael Saylor’s company’s Strategy, formerly MicroStrategy, an increasing number of businesses have chosen to include Bitcoin on their balance sheets.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals