Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Japanese company Metaplanet Inc. purchases $6.3 million worth of Bitcoin through bond issuance
ADOPTION NEWS

Japanese company Metaplanet Inc. purchases $6.3 million worth of Bitcoin through bond issuance

By Crypto FlexsJune 24, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Japanese company Metaplanet Inc. purchases .3 million worth of Bitcoin through bond issuance
Share
Facebook Twitter LinkedIn Pinterest Email
Company • June 24, 2024 12:44 AM EDT

Posted 1 minute ago In ~

Updated: June 24, 2024, 12:48 AM EDT

Japanese investment firm Metaplanet Inc.’s shares fell Monday morning after its board of directors agreed to purchase 1 billion yen ($6.26 million) worth of bitcoin using capital raised through an upcoming bond issue. It soared by more than 12%.

in name The Tokyo-listed company announced on Monday that it plans to buy additional bitcoin by issuing a second series of ordinary bonds with warrants.

According to separate standards, a total of 1 billion bonds will be provided at an interest rate of 0.5% per annum and will expire on June 25, 2025. presentation. The bond payment date is June 26, 2024. “The funds raised will be used to purchase Bitcoin,” the company said.

Shares of Metaplanet surged about 12.2% in the morning session, according to Google Finance.

Metaplanet’s latest move to issue bonds to buy Bitcoin comes after the company purchased Earlier this month, 250 million yen worth of Bitcoin was added. company said On June 11th, I held approximately 141.07 BTC. Data from Bitcointreasuries.net showed Metaplanet previously purchased Bitcoin on April 23, May 10, and June 11.

Last May, the company announced that it had begun adopting Bitcoin for its business. Strategic Financial Reserve Assets. “This action is a direct response to Japan’s ongoing economic pressures, particularly high government debt levels, prolonged negative real interest rates and the resulting weakening yen,” the company said at the time.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA MLPERF V5.0: Reproduces the educational score for LLM benchmarks

June 4, 2025

Floating Point 8: Low precision AI training innovation

June 4, 2025

Bitcoin (BTC) is faced with market volatility in economic changes.

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

NVIDIA MLPERF V5.0: Reproduces the educational score for LLM benchmarks

June 4, 2025

Price prediction of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Hype, Link

June 4, 2025

Did the Altcoin season end in 2025? Experts think that it was delayed that it was not dead.

June 4, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025

Floating Point 8: Low precision AI training innovation

June 4, 2025

Is Ether Lee leading capital rotation to Bitcoin Dominance Falls -Altcoin Rally?

June 4, 2025

Bitcoin (BTC) is faced with market volatility in economic changes.

June 4, 2025

Huma joins the Global Dollar Network and develops Stablecoin adoption in solana.

June 4, 2025

Vechain is a crawling for the Renaissance upgrade among the veterinarian price pressure.

June 4, 2025

Director Trezor: What is the best hardware wallet in 2025?

June 4, 2025

Binance cracks down on bot agriculture in Binance Alpha.

June 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NVIDIA MLPERF V5.0: Reproduces the educational score for LLM benchmarks

June 4, 2025

Price prediction of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Hype, Link

June 4, 2025

Did the Altcoin season end in 2025? Experts think that it was delayed that it was not dead.

June 4, 2025
Most Popular

Mt. Bitcoin plunges below $68,000 after Gox payout report

May 28, 2024

Could Bitcoin’s Recent Surge Benefit Altcoins Like JasmyCoin?

April 6, 2024

Ethereum Bearish Falling Wedge pattern appears. How low can prices go?

December 20, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.