Metaplanet has raised 4 billion Japanese yen ($26.1 million) to expand its Bitcoin holdings. The announcement was made on February 12 via the company's X account.
Deal Details
The funds were secured through zero-interest, unsecured, and unguaranteed bonds. Metaplanet's capital was supported by the EVO Fund, resulting in the company not having to pay interest on these bonds.
Metaplanet's Bitcoin Acquisition Plans
Metaplanet plans to acquire 10,000 Bitcoin by Q4 2025 and aims to hold 21,000 Bitcoin by the end of 2026, valued at $2 billion at current prices.
Rising Popularity of Bitcoin Among Companies and States
An increasing number of companies and states are considering adding Bitcoin to their reserves, with 16 US states planning to incorporate it into their investment strategies.
Metaplanet continues to actively expand its Bitcoin reserves amid a broader trend of interest in cryptocurrencies among major companies and governments.
