Metaplanet Inc., a Japanese company, has issued 2 billion yen in zero-interest bonds to EVO FUND, with plans to purchase Bitcoin. This strategic move aims to capitalize on recent price downturns and strengthen their position as a major Bitcoin holder in Asia.
The bonds, each valued at 50 million yen, are set for redemption by September 2025. Metaplanet plans to increase its holdings to 10,000 BTC by 2025, currently holding 3,350 BTC worth $270 million.
Despite mixed market reactions, including a 9% drop in stock price, Metaplanet's strategy could inspire other companies to invest similarly during market downturns.
Full story here: https://coincu.com/329691-metaplanet-zero-interest-bonds-bitcoin
