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Metaplanet Is Raising Cash From Bonds To Buy Bitcoin

June 24, 2024
x min read

A publicly traded company on the Tokyo Stock Exchange is raising capital. And they plan to use it to buy more Bitcoin.

What’s happening:

  • Japanese holding company Metaplanet (TYO:3350) has announced they will raise ¥1B through bonds to buy more Bitcoin

Why it matters:

Going deeper:

  • Up until recently, Metaplanet had no exposure to Bitcoin whatsoever which has subsequently changed with two purchases for a total of 410 Bitcoins
  • Previously, Metaplanet had been focused entirely on venture investments and real estate holdings which include the ownership of boutique hotels and other commercial properties

The intrigue:

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