Metaplanet Raises $50 Million to Expand Bitcoin Holdings

Metaplanet, a Tokyo-based company, has issued a $50 million bond to acquire additional Bitcoin, signifying its commitment to digital assets. This move underscores Metaplanet’s shift from traditional currencies, as evidenced by a 15% surge in stock price following the announcement. The proceeds will bolster Metaplanet’s Bitcoin holdings and solidify its transition to a predominantly digital asset strategy. The Evo Fund, based in the Cayman Islands, exclusively purchased these bonds, reflecting their confidence in Metaplanet’s approach.