$BTC Metaplanet will issue convertible bonds, funds used for increasing Bitcoin holdings

Metaplanet announced that it will issue $10 million in convertible corporate bonds, with the funds primarily used for increasing Bitcoin holdings. The bond has an annual interest rate of 5% and a conversion premium of 20%, with issuance expected to be completed in 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 push Metaplanet's Bitcoin holdings to over 300 by the end of the third quarter.