The post the company Metaplanet purchases another $6 million in Bitcoin (BTC) appeared on BitcoinEthereumNews.com.

Metaplanet, an investment consulting company based in Japan, has announced that it will purchase another 6 million dollars in Bitcoin (BTC). The funds for the purchase will come from a bond issuance.  Japan: the company Metaplanet ready to purchase another $6 million of Bitcoin (BTC) Metaplanet, an investment consulting company based in Japan, announced that it will purchase an additional 6.2 million dollars in Bitcoin (BTC).  “Metaplanet issues 1 billion yen in bonds at 0.5%; the proceeds will be used to finance further purchases of $BTC.” Specifically, the collection of 1 billion yen (over 6.2 million dollars) will come from a bond offering with an annual interest rate of 0.5% and a maturity date set for June 25, 2025. The announcement states as follows: “The Board of Directors of Metaplanet Inc. has resolved to purchase Bitcoin worth 1 billion yen starting from today’s meeting. The funds for this purchase will be allocated from the capital raised through the issuance of the second series of ordinary bonds (with guarantees).” The Japanese company is already holder of 9 million dollars in Bitcoin, to which it intends to add another over 6 million dollars to strengthen its reserves in BTC. Japan: Metaplanet acquires more bitcoin and becomes a long-term holder The objective expressed by the company from Japan is precisely to accumulate bitcoin to be a long-term BTC holder company. At the moment, Metaplanet already holds 141 BTC, and is currently the largest corporate bitcoin holder in Japan. Despite this, Metaplanet specifies the following: “Although our basic policy is to hold Bitcoin in the long term, if we use Bitcoin for operations or other purposes, the corresponding Bitcoin balance will be recorded as a current asset in the balance sheet”. In any case, the statement by Metaplanet of wanting to purchase new bitcoin…

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Filed under: News - @ June 24, 2024 6:16 pm