Metaplanet Will increase Bitcoin Holdings With $13.5M Buy and Bond Issuance

Markets, MetaPlanet, Bitcoin, QuickNews, Breaking News The Japanese lodge firm has acquired extra bitcoin and points zero-interest bonds. 

Japanese lodge firm Metaplanet (3350) has acquired 162 bitcoin (BTC) for $13.5 million at a median value of $83,123 per bitcoin, attaining a year-to-date bitcoin yield of 53.2%.

The BTC yield represents the share change within the ratio of bitcoin holdings to completely diluted shares excellent over a given interval. As of March 12, Metaplanet holds 3,050 BTC valued at $253.7 million, with a median acquisition value of $83,180 per bitcoin.

Additionally, the corporate has issued 2 billion JPY ($13.5 million) in zero curiosity strange bonds to fund additional bitcoin acquisitions. At the time of writing, Metaplanet shares had been buying and selling at 3,630 yen, down nearly 50% from it is all-time excessive in February.

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