Japanese Firm Metaplanet Buys More Bitcoin (BTC), Taking Holdings to Over $10 Million

Tokyo-listed investment firm Metaplanet has bought another 20.195 BTC worth $1.2 million, according to an announcement on Monday.

Investment firm Metaplanet, listed on the Mothers section of the Tokyo Stock Exchange, has announced a new purchase of 20.195 BTC for 200 yen. This recent acquisition brings Metaplanet's total Bitcoin holdings to over 203 BTC.

The company's strategic acquisition of Bitcoin stems from ongoing economic pressures within Japan. To finance its Bitcoin acquisitions, Metaplant recently issued the second series of ordinary bonds via EVO FUND, raising over $6.2 million. These bonds, carrying an annual interest rate of 0.5%, are set to mature on June 25, 2025. Notably, although the bonds lack collateral, Metaplanet has secured them with a first-priority mortgage on the land and building of Hotel Royal Oak Gotanda, owned by its subsidiary Wen Tokyo Inc.

After the Tokyo Stock Exchange closed on Monday, July 1, Metaplanet announced its acquisition of an additional 20.195 BTC for 200 yen. This latest purchase adds to the company's total Bitcoin holdings, now exceeding 203 BTC.

The growing attraction to Bitcoin reflects increased mainstream acceptance amid fluctuating crypto market sentiments, including potential asset liquidations from Mt. Gox and regulatory changes in Germany.

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