Metaplanet Raises $21.25M for Bitcoin Purchases: New Bond Issuance Fuels Digital Asset Expansion

Metaplanet, a company known for its active Bitcoin portfolio, has announced a new bond issuance worth $21.25 million to fund additional cryptocurrency acquisitions. This move follows the recent purchase of 555 BTC, bringing their total holdings to a considerable 5,555 BTC. The newly raised funds will be exclusively used to acquire further Bitcoin, propelling Metaplanet towards its ambitious goal of holding 10,000 BTC by year-end. The company’s board formally approved this strategic move during a meeting on May 9th.