Loading...
Loading...
Browse all stories on DeepNewz
VisitJapanese Firm Metaplanet to Issue ¥1 Billion in Bonds to Buy Bitcoin, Shares Up 12%
Jun 24, 2024, 08:51 AM
Japanese public company Metaplanet Inc., a Tokyo-headquartered consulting firm, has announced plans to issue ¥1 billion ($6.26 million) in 0.5% bonds to acquire more Bitcoin. The decision, approved by the board of directors, aims to add approximately $6.26 million worth of Bitcoin to its existing holdings. This strategic move underscores the growing institutional interest in digital assets amid recent market fluctuations. Following the announcement, Metaplanet's shares saw a significant 12% surge.
View original story
Markets
Yes • 50%
No • 50%
Official Metaplanet financial reports or press releases
No • 50%
Yes • 50%
Metaplanet's end-of-year financial statement or public disclosures
No • 50%
Yes • 50%
Stock market data from sources like Bloomberg, Yahoo Finance
Other • 25%
Real Estate • 25%
Technology • 25%
Healthcare • 25%
Official Metaplanet announcements or press releases
Increase > 20% • 33%
Decrease • 33%
Increase between 0% and 20% • 33%
Stock market data from sources like Bloomberg, Yahoo Finance
Gain between 0% and 20% • 33%
Loss • 33%
Gain > 20% • 33%
Metaplanet's end-of-year financial statement or public disclosures