Metaplanet Issues ¥1 Billion Bonds to Expand Bitcoin Holdings Amid Yen Weakness

Japanese public company Metaplanet has made headlines by announcing its plan to issue ¥1 billion ($6.2 million) worth of 0.5% bonds to acquire additional Bitcoin. This move echoes the strategy employed by MicroStrategy, which recently made a massive $768 million Bitcoin purchase using convertible notes. Metaplanet has previously been compared to “Asia’s MicroStrategy” due to