Metaplanet Secures $50 Million Bond Issue to Expand Bitcoin Holdings

Metaplanet, a Japanese crypto investment firm, has raised $50 million through its 16th series of ordinary bonds. This funding will be directed towards expanding their Bitcoin holdings. EVO FUND, a prominent investor in the company’s previous bond rounds, is backing this initiative with multiple bond tranches to support these investments. Metaplanet plans to allocate up to $250 million to establish a US subsidiary and gain access to the burgeoning crypto market in the United States.