If it could buy the Bitcoin today, Metaplanet’s total Bitcoin holdings would be 241 Bitcoin, worth around $15 million.
Tokyo-based investment and consulting firm Metaplanet Inc. is planning to issue 1 billion yen ($6.26 million) worth of bonds to raise money to buy Bitcoin
The firm said in a Monday, June 24 notice that its board had agreed to the move and the Bitcoin (BTC) would be “for long-term holding.” A separate notice shared the bonds would pay an annual rate of 0.5%.
Metaplanet shares were up 11.5% on Monday to trade at 96 yen ($0.60) continuing the over 500% gain its stock price has seen so far this year, according to Google Finance.
