Metaplanet is raising another $21M through bonds to buy more Bitcoin

Metaplanet, a Japanese investment firm, is raising $21.25 million through zero-coupon bonds to purchase more Bitcoin. This follows a recent $53.4 million Bitcoin acquisition. The firm aims to expand its crypto treasury, already Asia's largest among publicly traded companies. The bond issuance will allow Metaplanet to acquire approximately 206 Bitcoin at current prices. Metaplanet's stock price has increased dramatically over the past year. The company also plans to establish a US subsidiary to raise further capital for Bitcoin investments. This follows a trend of companies adding Bitcoin to their balance sheets. Metaplanet's aggressive Bitcoin strategy mirrors similar moves by other firms like MicroStrategy and GameStop. The company's actions highlight the growing interest in Bitcoin as a treasury asset. Metaplanet's continued Bitcoin purchases solidify its position as a major player in the crypto market.