$BTC Metaplanet will issue convertible bonds, funds will be used for Bitcoin increase

Metaplanet announced that it will issue $10 million in convertible corporate bonds, with the funds primarily used for increasing Bitcoin holdings. The bonds have an annual interest rate of 5%, a conversion premium of 20%, and are expected to be issued by mid-August. This is the company's first financing specifically for Bitcoin investment, demonstrating management's strong confidence in digital assets. Analysts predict that this move will cause Metaplanet's Bitcoin holdings to exceed 300 coins by the end of the third quarter.