The post Metaplanet Stock Crashes 9% Despite 2 Billion JPY Bitcoin Purchase Plan appeared on BitcoinEthereumNews.com.

Metaplanet stock price has come crashing down more than 9%, slipping under 400 JPY levels, despite the firm announcing its 2 billion JPY Bitcoin purchase plan. This happened as the Japanese stock market tanked 4% in early trading hours on Monday, as they prepare for President Trump’s “Liberation Day” on April 2. Metaplanet Issues 2 Billion JPY In Zero-Interest Bonds for Bitcoin Purchase Earlier today, Metaplanet announced the issuance of its 10th Series of Ordinary Bonds worth 2 Billion JPY to the EVO FUND. The officials stated that they would use these funds exclusively to fund Bitcoin purchases. The zero-interest bonds, each with a face value of ¥50 million, are scheduled for redemption on September 30, 2025. Simon Gerovich, Representative Director of Metaplanet, oversaw the bond issuance. In a message on the X platform, Gerovich wrote: “Buying the dip!” Apart from the Japanese firm, Bitcoin miner Marathon Digital has also announced a $2 billion stock sale to fund its Bitcoin purchases ahead. In less than a year of adding Bitcoin to its balance sheet, the Japanese firm has already accumulated 3,350 BTC at an average purchase price of $83,000 per BTC. To execute its BTC purchase plan moving ahead, the firm has also tapped Eric Trump to join its board of advisers. Despite the current development, the stock price has come under severe selling pressure, dropping by 23% over the past week after a strong rally in early March. Trump Liberation Day Pushes Japanese Stock Market Down 4% As the global markets prepare for the Trump “Liberation Day” set to kick in on April 2nd, Japan’s stock market has dropped more than 4% in the early trading hours on Monday. Bitcoin price sees continued selling pressure, slipping under $81,500 as markets brace for greater macro uncertainty this week. This overall…

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Filed under: News - @ March 31, 2025 5:55 am