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METAPLANET ISSUES ZERO-INTEREST BONDS TO BOOST BITCOIN INVESTMENTS
Tokyo-listed Metaplanet has announced a new $50 million zero-interest bond issuance, a strategic move to expand its Bitcoin (BTC) exposure and strengthen its position in the cryptocurrency market. This issuance confirms Metaplanet's ongoing commitment to shifting away from traditional fiat-based reserves to more modern digital assets, particularly Bitcoin, as its primary financial asset.
These bonds have a total value of $50 million, distributed across $1.25 million in notes, with no interest paid throughout the term. The company stated that the proceeds from these bonds will be used directly to increase Metaplanet's Bitcoin holdings, furthering its ambitious strategy in the cryptocurrency market and strengthening its position as a leading investor in digital assets.