- Metaplanet released $ 24.7 million (3.6 billion yen) to zero-interest bond to buy more bitcoin
- A new Miami -based subsidiary will be launched to enhance Bitcoin acquisition capabilities
Japanese investment firm Metaplanet has Strong The approach to getting its bitcoin by the release of 3.6 billion yen ($ 24.7 million) to zero-interest bonds. It marked the twelfth of the release aimed at expanding cryptocurrency handling.
Since the implementation of the Bitcoin-focused approach to April 2024, the Tokyo-based company has accumulated 5,000 BTCs worth about $ 484 million. This is the position in the middle of the top ten corporates who hold Bitcoin around the world next to industry giants.
Investors in newly issued bonds can redeem them throughout the face costs on October 31, 2025, through the company's EVO fund allocation system. The firm has now reached the half -point of the ambitious target to hold 10,000 BTC by the end of the year.
Miami's subsidiary to boost Bitcoin treasury operations
Metaplanet has made a strategic business decision to create a full US subsidiary owner in Miami, Florida, for expanding the market in the cryptocurrency sector. The upcoming launch of Metaplanet Treasury Corp. will occur this month with an initial fund of $ 10 million. The new creature, Metaplanet Treasury Corp. will work as a parental company subsidiary to boost bitcoin treasury operations by raising funding up to $ 250 million.
The company has decided to promote its operations in Florida as the state has been developed at a major center for Bitcoin -focused businesses. Miami's Miami subsidiary will boost access to institutional liquidity while building great bitcoin acquisition methods, according to the company.
The market positively responds to these developments, with metaplanet stock in Tokyo Exchange rising 10.4% to 435 Japanese Yen in Friday trade. CEO Simon Gerovich also reported In X that the stock listed in the US OTC market listed in the MTPLF market has found volumes of record-breaking trading for four consecutive days.
Adding that the uncertain metaplanet acquisitions in Bitcoin now exceeds 6 billion yen, more than four times the company's market capitalization before using the so -called Gerovich “The Bitcoin Standard.”
Share
