Japanese listed company Metaplanet plans to issue 1 billion yen bonds to increase its Bitcoin holdings

Odaily News Metaplanet, a Japanese listed company, announced that its board of directors has approved the use of 1 billion yen (about 6.26 million US dollars) to increase its holdings of Bitcoin. The funds will come from the proceeds of the companys second ordinary bond (with guarantee). According to the official announcement, these bonds have an annual interest rate of 0.5%, which will be paid on June 26, 2024 and mature on June 25, 2025.