• 03 October, 2024
Bitcoin Market News

Metaplanet Buys ¥500M in Bitcoin, Total Holdings at 303 BTC

Metaplanet, a Japanese company, has acquired an additional ¥500 million in Bitcoin, boosting its total holdings to approximately 303 BTC, valued at around ¥2.95 billion. This new purchase represents 14.5% of Metaplanet's market cap. Alongside this, Metaplanet plans to issue 10 billion yen in convertible bonds and has secured a 1 billion yen loan at a 0.1% interest rate. This strategic move is part of their broader plan to expand and strengthen their financial position.

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