Firm Raises $50M Debt to Buy More #bitcoin

Japanese investment firm #metaplanet is doubling down on Bitcoin, raising $50 million through zero-interest bonds expressly to purchase more $BTC .

The private bond placement has a single subscriber – Cayman-based Evo Fund – underscoring a high level of trust (the bonds are unsecured and carry no regular interest) and confidence in Bitcoin’s long-term value.

Metaplanet recently bought 1,004 $BTC (over $100M) and now holds about 7,800 BTC (worth ~$800M) in total, up nearly 20% on its #crypto investments.

This bold treasury strategy, reminiscent of #MicroStrategy ’s, highlights growing institutional appetite for Bitcoin even at current prices.

#cyberduck