Key Takeaways:
- Zero-interest bonds of JPY 8 billion ($50 million) issued by Metaplanet to purchase more Bitcoin.
- The complete issuance of bonds was dedicated to EVO FUND, which prolonged the debt-driven approach of Bitcoin treasury by Metaplanet.
- The move was an indicator of institutional belief in the accumulation of Bitcoin despite the tumultuous economic times.
The strategy of doubling down on Bitcoin has been repeated by Metaplanet by a new bond issue which is specifically aimed at growing its treasury portfolio. The latest move adds momentum to a growing trend of public companies using capital markets, not operating cash, to accumulate digital assets.
Metaplanet Raises Fresh Capital for Bitcoin Purchases
Tokyo-listed Metaplanet Read Entire Article
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