Metaplanet – a Japanese company that follows in the footsteps of the approach by focusing on the accumulation of bitcoin – released only 2 billion Japanese yen ($ 13.3 million) of bonds to buy more BTC.
According to a March 31 FileThe metaplanet issued the zero-interest bonds by allocating them through its EVO fund to fuel Bitcoin purchases. Investors are permitted to redeem newly released security at full face costs on September 30 this year.
CEO of firm Simon Gerovich, wrote on an x Post that the company has exploited the recent collapse of bitcoin prices. The announcement came as Bitcoin’s hands changed for $ 82,000 at the time of writing-25% down from all times high over $ 109,000.
Related: Metaplanet sharing price increases by 4,800% while company stacks are BTC
Source: Simon Gerovich
Metaplanet is the leading holder of Bitcoin of Asia and the world’s 10th, according to Bitcointrassury Data. Currently, the firm owns about 3,200 Bitcoin worth about $ 1.23 billion.
Following in the footsteps of giants
Metaplanet is often called the “Asian microstrategy,” as its corporate approach is closely reflecting the approach (former microstrategy), the US-based firm that has changed its main focus toward Bitcoin’s accumulation. Metaplanet-based older brother is the leading corporate-holding Bitcoin with more than 500,000 BTC in its coffers, worth nearly $ 82 billion-more than 2% of the 21 million Bitcoin supply supply limitations.
Related: Metaplanet tips first operating profit in 7 years, strengthened by bitcoin
Earlier this month, Metaplanet also bought 150 Bitcoin. Splurged $ 44 million to add bitcoin to its coffers.
Also, this month, Metaplanet initiates exploration of a potential US list While the company acquired another 156 BTC. Gerovich said in time:
“We consider the best way to make metaplanet shares more accessible to investors around the world.”
An increasingly influential company
Metaplanet also makes powerful friends in the US political scene. Earlier in March, the company Assigned the son of US President Donald Trump Eric Eric In his newly established Strategic Board of Advisers to further the metaplanet mission to become a “global leader in the Bitcoin economy.” Company representatives said in time:
“Eric Trump brings a wealth of real estate experience, finances, brand development, and strategic business growth and has become the leading voice and promoter of the adoption of digital assets around the world.”
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