Japan’s Metaplanet plans 1B yen bond sale to buy more Bitcoin

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 worth of bonds to raise money to buy BitcoinIf Metaplanet were to purchase 1 billion yen worth of Bitcoin today, they would receive nearly 100 BTC, approximately 99.84 BTC.The planned purchase would add to its current crypto stack, which hit 141.

At its last holdings report earlier in June, Metaplanet said its average purchasing price was 10.28 million yen, or $65,365, per Bitcoin — meaning it would now be underwater on its strategy. The United States software company holds the record for a public company with the most Bitcoin holdings, with 214,400 BTC worth $13.4 billion,

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