#MetaplanetBTCPurchase
Metaplanet Inc. announced the issuance of $10 million in couponless corporate bonds to increase its Bitcoin holdings. What do you think about companies issuing debt to accumulate Bitcoin?
Is it a smart hedge against inflation, or a risky bet that increases exposure to volatility?
Feel free to share your thoughts in the comments.
The Japanese company purchased 1,112 Bitcoin for $117.2 million, and now holds a total of 10,000 Bitcoin in its portfolio, surpassing Coinbase as the new public Bitcoin leader. With a promotional offer of $94,697 for Bitcoin, Metaplanet issued $210 million in rewards to fund more purchases, leading to 210,000 Bitcoin by 2027 (1% of the total amount). Its strategy, inspired by MicroStrategy, has increased its activity by 425% this year. Metaplanet is not a stranger and has a strong future for Bitcoin.
