News Explorer — Japanese Firm Metaplanet Is Raising Another $21 Million to Buy Bitcoin

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May 9, 8:40 am

Coindesk

Japanese Firm Metaplanet Is Raising Another $21 Million to Buy Bitcoin

Metaplanet plans to sell $21.25 million in bonds to buy more Bitcoin, following two recent $25 million bond sales. The bonds have no interest and mature on Nov. 9, as announced by the Tokyo-based firm. With 5,555 BTC, Metaplanet holds the 11th-largest Bitcoin stash among publicly-traded companies.

Metaplanet plans to sell $21.25 million in bonds to buy more Bitcoin, following two recent $25 million bond sales. The bonds have no interest and mature on Nov. 9, as announced by the Tokyo-based firm. With 5,555 BTC, Metaplanet holds the 11th-largest Bitcoin stash among publicly-traded companies.

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