Japanese investment firm Metaplanet is actively pursuing its Bitcoin strategy with a new bond issuance worth $21.25 million. This follows recent acquisitions of Bitcoin and plans for international expansion.
Bitcoin Holdings Surge
Metaplanet announced a new zero-coupon bond issue aimed at raising $21.25 million to purchase more Bitcoin. This move comes just two days after the firm disclosed a $53.4 million Bitcoin acquisition. At current prices, the new funds could add 206 BTC to its treasury.
Stock Market Success
On May 7, Metaplanet revealed its latest Bitcoin buy of 555 BTC for $53.4 million, bringing its total holdings to 5,555 BTC. The average price per coin stands at $86,672, with the total Bitcoin stash valued at approximately $481.5 million, making Metaplanet Asia's largest public corporate holder of Bitcoin.
U.S. Expansion and Strategic Outlook
In addition to its bond strategy, Metaplanet announced the establishment of a new U.S. entity called Metaplanet Treasury, based in Florida, aiming to raise $250 million. This strategy is in line with a growing number of Bitcoin-focused public companies.
Metaplanet's ambitious approach to Bitcoin accumulation and its intent to expand its influence in international markets reflect investor confidence and signal the growing popularity of digital assets in the corporate sector.
