Japanese MetaPlanet Purchases $61 Million Worth of Bitcoin with Bond Issuance Funds

YM Lee

Summary

MetaPlanet announced that it will purchase Bitcoin with the $60.6 million secured through bond issuance.
CEO Simon Gerovich stated that the Bitcoin purchase timeline will be moved up to this year.
MetaPlanet has adopted Bitcoin as a strategic financial reserve asset and currently holds 1,142.287 BTC.

Japanese investment firm MetaPlanet announced that it will use the $60.6 million secured through two bond issuances this week to purchase Bitcoin.

According to The Block on the 20th (local time), Simon Gerovich, CEO of MetaPlanet, stated on his X (Twitter) that "the bond funds were originally intended to be used for Bitcoin purchases in 2025, but the purchase timeline will be moved up to this year."

After adopting Bitcoin as a strategic financial reserve asset last May, MetaPlanet has been actively purchasing for six months and currently holds 1,142.287 BTC.

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YM Lee

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Japanese MetaPlanet Purchases $61 Million Worth of Bitcoin with Bond Issuance Funds

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