Metaplanet Invests $10 Million in Bitcoin, Sidestepping Exchange Fees

Metaplanet Inc., a Japanese-listed firm, has significantly bolstered its Bitcoin holdings with a strategic investment of $10 million. This move further cements the company’s reputation as a leader in Asia’s burgeoning cryptocurrency space. To achieve this goal, Metaplanet issued zero-coupon dollar-denominated bonds to EVO FUND, streamlining the process and avoiding costly currency conversions commonly associated with buying Bitcoin in Japan. 💰 💸 The company has also made a bold move by changing its logo to represent its commitment to Bitcoin and is aiming to hold 10,000 BTC by year-end of 2025.