Metaplanet Secures $50 Million to Expand Bitcoin Holdings

Metaplanet has secured a $50 million bond offering to bolster its Bitcoin holdings. The proceeds will be used solely for purchasing additional Bitcoin, according to the company’s statement. This move increases their total Bitcoin reserves to 7,800 BTC, exceeding El Salvador’s reserves of 6,189.18 BTC. The firm’s decision reflects a growing trend amongst investors seeking secure alternatives in the face of economic uncertainty.