Metaplanet Secures ¥2 Billion for Bitcoin Purchases with Zero-Interest Bonds

Metaplanet Inc., a company led by Simon Gerovich, recently issued ¥2 billion ($13.33 million) worth of zero-interest bonds to fund the purchase of Bitcoin. This move comes as the company seeks to bolster its Bitcoin holdings while navigating challenging market conditions. Despite this initiative, Metaplanet’s stock has suffered a significant 23% decline following the announcement, reflecting investor concerns about broader economic uncertainty.