Fresh off Bitcoin’s latest purchase, the Japanese investment firm Metaplanet has raised more funds through another bond issue to expand the growing crypto ark.
By a $ 21.25 million issue of “0% ordinary bond,” the firm Says In a May 9 statement that the “fund raised will be allocated to the purchase of Bitcoin.”
Zero-coupon bonds Don’t Offer any interest in the owner. Most of the time, they are issued in a steep discount from their normal value, and when they are older, the holder receives the full amount.
Following a meeting of the Board of Directors, the firm said it would release a 14 -year -old stock right to the Evo Fund, a firm management firm in the Cayman Islands, with a date of redemption on November 7.
At current prices, metaplanet can buy 206 Bitcoin (Btc) If it raises the full $ 21.25 million, According to In coingecko. The firm has already been filed Plans to buy bitcoin Last April.
Bitcointreasuries.net Shut up Metaplanet is the largest public hold of the Asian corporate of Bitcoin and is at 11th worldwide.
The stock of metaplanet (3350T) According to In Google Finance.
Metaplanet continues to buy bitcoin
On May 7, the firm listed in Tokyo Announced it spent $ 53.4 million getting 555 Bitcoin at an average price of $ 96,134. The company now holds 5,555 BTC, purchased $ 481.5 million at an average price of $ 86,672.
Metaplanet also announced On May 7 the release of another $ 25 million in zero-coupon ordinary bond to fund more Bitcoin purchase
On May 1, Metaplanet said Launch a full -time -owner The US subsidiary, Metaplanet Treasury, based in Florida. It plans to raise $ 250 million to further the Bitcoin approach and to tap US capital markets.
Related: How many bitcoin can Berkshire buy?
Meanwhile, a growing number of companies decided to add bitcoin to their balance sheets, following the steps of Michael Saylor’s CompanyStrategy, former microstrategy.
Try to manage the asset management that has been announced On May 7 it moved to a Treasury company of Bitcoin. Meanwhile, video game Gamestop Corporation (GME) ended On April 1 that raised $ 1.5 billionwith some proceeds that are marked for the purchase of bitcoin.
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