Metaplanet issues 2 billion yen bond to increase Bitcoin position

The Japanese company Metaplanet is making another move! They have announced the issuance of a 2 billion yen (approximately $13 million USD) 0% interest bond, with all proceeds to be invested in Bitcoin.

Metaplanet currently holds over 3,200 Bitcoin, with a goal of reaching 10,000 by 2025 and aiming for 21,000 by 2026. They are leveraging low-cost bond financing to increase their holdings, viewing Bitcoin as a long-term asset to hedge against yen depreciation and inflation.

Metaplanet’s actions indicate a growing corporate interest in Bitcoin. Amid global economic uncertainty, this strategy may encourage more companies to take notice of Bitcoin. The future role of Bitcoin is worth continued attention.