Metaplanet is raising another $21M through bonds to buy more Bitcoin

Quick Summary:

Fresh off its most recent Bitcoin purchase, Japanese investment firm Metaplanet is raising more funds through another bond issue to expand its growing crypto treasury.Through a $21.25 million issue of “0% Ordinary Bonds,” the firm said in a May 9 statement that the “funds raised will be allocated to the purchase of Bitcoin.”Zero-coupon bonds don’t offer any interest to the holder.

The company now holds 5,555 BTC, purchased for $481.5 million at an average price of $86,672. Metaplanet also announced on May 7 the issuance of another $25 million in zero-coupon ordinary bonds to fund more Bitcoin buys On May 1, Metaplanet said it would launch a wholly owned US subsidiary, Metaplanet Treasury, based in Florida.

Meanwhile, a growing number of companies have decided to add Bitcoin to their balance sheets, following in the steps of Michael Saylor's company, Strategy, formerly MicroStrategy.  Strive Asset Management announced on May 7 that it will transition into a Bitcoin treasury company.

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Article Details

Author / Journalist: Cointelegraph by Stephen Katte

Category: Crypto

Markets: United StatesCayman IslandsJapan

Topics: Average Holder Metaplanet Issue Company Bitcoin Price Million Firm Last Treasury

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 07:18:18 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 411 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © Coin Telegraph

News ID: 28507736

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