Metaplanet Invests $50M in Bitcoin via Bonds, Joining Institutional Accumulation Trend

Tokyo-based investment firm Metaplanet Inc. has issued a $50 million bond to acquire Bitcoin, supported by EVO FUND. This move marks a significant step towards institutional accumulation of the cryptocurrency and could reshape market dynamics. 🎧 Metaplanet’s strategy emphasizes Bitcoin as a core asset for their balance sheet, aiming to enhance shareholder value and resilience against financial uncertainty. The bonds, issued without interest payments, are fully subscribed by EVO FUND, highlighting the growing interest from established investment groups in the digital asset market.