Summary
- Japanese investment firm Metaplanet announced that it has raised $21 million to purchase additional Bitcoin.
- Metaplanet stated that it will issue zero-interest corporate bonds to buy Bitcoin.
- The company reported that 88% of its first-quarter profit came from Bitcoin investments.
Japanese investment firm Metaplanet has newly raised $21 million (approximately 2.9 billion yen) to purchase additional Bitcoin (BTC).
On the 29th, Metaplanet announced on its official X account that it will issue $21 million worth of zero-interest corporate bonds to purchase more Bitcoin.
Metaplanet previously purchased 1,004 Bitcoins on the 19th of this month. Currently, Metaplanet holds 7,800 Bitcoins.
Meanwhile, Metaplanet earned 88% of its first-quarter profit (approximately 877 million yen) from Bitcoin investments.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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