Metaplanet Secures $13.3 Million for Bitcoin Purchases

Japanese firm Metaplanet has issued a bond worth approximately $13.3 million to purchase more Bitcoin (BTC). The move, detailed in a March 31 filing, sees the company allocate these funds through its Evo Fund. Investors can redeem the bonds at their face value before September 30th. 2023’s downturn in Bitcoin prices has prompted this strategic acquisition by Metaplanet, as it seeks to capitalize on current market fluctuations.