Metaplanet to Issue 4.5B Yen Bonds to Expand Bitcoin Holdings

Quick Summary:

Tokyo-listed Metaplanet Inc., often referred to as Japan’s MicroStrategy, has announced the issuance of its fourth series of ordinary bonds worth 4.5 billion yen (approximately $30 million).

The proceeds from the bonds will be directed toward purchasing Bitcoin (BTC), continuing the company’s strategic reserve asset expansion.

The bonds carry a zero interest rate and have a maturity date set for June 16, 2025.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab EmiratesJapan

Topics: Bitcoin (BTC) Metaplanet Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 12:25:23 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 407 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24511453

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Update Frequency: 36 posts per day

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News Last Updated: 11 hours ago

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