Metaplanet, fashionable as Japan’s MicroStrategy, introduced its determination to subject its thirteenth Sequence of Strange Bonds, and lift a complete of $25 million for recent Bitcoin purchases. By way of its EVO FUND, the corporate has been periodically issuing bonds by drawing a leaf from Michael Saylor’s Bitcoin playbook. The announcement led to a fast 12% surge within the inventory value throughout at the moment’s buying and selling session, transferring nearer to 500 JPY.
Metaplanet Prepares for Large Bitcoin Purchases
Through its atypical bonds, Japanese agency Metaplanet announced elevating $25 million at 0% earmarked for the acquisition of Bitcoin. Redemption of the bonds will probably be funded by proceeds generated from the train of the fifteenth to seventeenth Sequence of Inventory Acquisition Rights, reported the agency.
Moreover, firm CEO Simon Gerovich introduced the corporate’s newest Bitcoin acquisition, revealing the acquisition of 555 BTC for about $53.4 million at a median value of $96,134 per coin.
This addition brings the agency’s complete Bitcoin holdings to five,555 BTC, acquired at a cumulative value of round $481.5 million, averaging $86,672 per Bitcoin. For the reason that starting of 2025, Metaplanet has been on an aggressive BTC acquisition spree, transferring quick and near its goal of getting 10,000 BTC in treasury by the tip of 2026.
Moreover, the agency is fast in its abroad enlargement, opening a Miami office final week. Right this moment’s announcement of Bitcoin purchases has led to a 12% surge within the Metaplanet inventory value, which is already up by 33% for the reason that starting of 2025.
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