Coinspeaker
Metaplanet to Issue Bonds to Acquire More Bitcoin
Japanese investment firm Metaplanet Inc. has announced its plan to purchase Bitcoin (BTC price data) worth 1 billion yen ($6.26 million) after it reached an agreement with its board of directors. The capital for the BTC purchase will be raised through an upcoming round of bond issuance. Notably, this is scheduled to be the second series of ordinary bonds with guarantees.
The plan is to set the annual interest rate for the bonds at 0.5% with the maturation date as June 25, 2025. Metaplanet explicitly stated that “the funds raised will be used to purchase Bitcoin,” while also noting that the payment date for the bonds is June 26, 2024.
Following the announcement of the plan to issue bonds and its board of directors’ support, the Japanese investment firm saw its stock price jump over 12% in the early hours of Monday.
At the beginning of June, the Tokyo-listed investment firm acquired 250 million yen worth
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