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Metaplanet Inc (3350) plans a significant financial maneuver to bolster its bitcoin holdings, announcing the sale of ordinary bonds valued at 2 billion Yen ($13.3 million) at zero percent interest. This strategic decision is a part of the company’s ongoing effort to align its investment portfolio with digital assets, showcasing a strong belief in the future of cryptocurrencies.
The bond sale, exclusively earmarked for Evo Fund, is set for redemption on August 26. Funding for this redemption will come from the proceeds of the company’s stock acquisition rights. This move highlights Metaplanet’s innovative approach to funding its investment ventures, ensuring a smooth financial strategy centered around bitcoin.
With this latest initiative, Metaplanet reaffirms its commitment to integrating bitcoin as a core component of its reserve assets. The company’s aggressive strategy in the volatile crypto market reflects its confidence and aims to strengthen its financial base through strategic digital asset investments.
