Metaplanet to Issue $6M Bonds for Bitcoin Purchase

Japanese firm aims to boost cryptocurrency holdings amid economic challenges

Metaplanet plans to sell one billion yen in bonds to fund the purchase of nearly 100 Bitcoin.
The company's board approved the strategy as part of a long-term investment plan.
Stock prices surged 11.5% following the announcement, reflecting investor confidence.
Metaplanet currently holds 141 BTC, making it Japan's largest corporate holder of the digital asset.
The bond issuance is scheduled for June 26, with a 0.5% annual interest rate and a one-year maturity.