Metaplanet Inc., a Japanese public company, issued approximately $208 million in bonds to buy Bitcoin, confirming the transaction on Telegram.
Bond Issuance and Bitcoin Holdings
Metaplanet has issued $208 million in zero-coupon unsecured bonds to augment its Bitcoin holdings. The bonds were fully subscribed by EVO FUND, increasing its holdings to 13,350 BTC.
Metaplanet's Strategy in Cryptocurrency
Simon Gerovich, CEO of Metaplanet, stated that in just three months, the company's holdings grew from 3,350 BTC to 13,350 BTC. This bond issuance is another step in the company's aggressive crypto strategy.
Market Impact and Expert Predictions
Metaplanet's significant Bitcoin purchases enhance the demand pressure on BTC while reinforcing the corporate Bitcoin accumulation trend. Experts predict that Metaplanet's actions may stimulate other corporations to adopt Bitcoin treasury strategies.
These moves by Metaplanet contribute to the growth of institutional adoption of Bitcoin, positively influencing its standing as an asset class.