Metaplanet has acquired 555 Bitcoin, augmenting its total to 5,555 BTC, valued at approximately $537 million, amid a positive price rally. Following this strategic acquisition, the company plans to issue ¥3.6 billion in zero-coupon bonds for further Bitcoin purchases. This move positions Metaplanet as the leading Bitcoin holder among public companies in Asia. The firm's stock rose significantly by 11.45% following the announcement, reflecting investor optimism. This episode underscores a broader trend of corporate investment in Bitcoin, especially underlined by strong market demand and institutional inflows, particularly from notable entities like BlackRock.
Japanese firm Metaplanet's acquisition of Bitcoin and bond issuance highlights the rising trend of corporate Bitcoin adoption as a strategic asset.
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