Tokyo-based firm Metaplanet has confirmed its acquisition of 555 bitcoins for $53.4 million, enhancing its holdings in the cryptocurrency sector.
General Information on Bitcoin Purchase
On May 7, Metaplanet announced the purchase on social media, stating an average price of $96,134 per bitcoin. With this transaction, the company now holds 5,555 bitcoins, valued at approximately $481.5 million.
Financing Through Bonds
To fund the purchase, Metaplanet issued $25 million in zero-coupon bonds. This marks the 13th bond issuance by the company, which has raised over $244 million through debt and equity financing throughout 2024.
Expansion into the U.S.
In addition to Bitcoin purchases, Metaplanet is launching a Florida-based subsidiary, Metaplanet Treasury Corp., aiming to raise up to $250 million to support the company's Bitcoin strategy and U.S. operations.
Metaplanet continues to aggressively enhance its investments in Bitcoin, reflecting the rising interest from institutional investors and the company's ambition for significant asset growth in the future.
