Japanese investment firm Metaplanet, fresh from its recent Bitcoin purchase, is raising additional funds via a bond issue to grow its crypto treasury. The firm plans to allocate all funds from the $21.25 million '0% Ordinary Bonds' issue towards buying Bitcoin. These zero-coupon bonds, issued at a discount, offer no interest but pay the full value upon maturity. Metaplanet aims to issue a 14th Stock Acquisition Rights to EVO Fund, potentially buying 206 Bitcoin with the full $21.25 million. The company, already Asia's largest public corporate Bitcoin holder, has seen its stock surge over 1,600% in the past year. With plans to establish a US subsidiary and raise $250 million for Bitcoin investments, Metaplanet joins a growing list of companies adding Bitcoin to their balance sheets, following the lead of MicroStrategy. Other firms, like Strive Asset Management and GameStop Corporation, are also embracing Bitcoin in their financial strategies. Read more AI-generated news on: https://app.chaingpt.org/news

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