This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Japanese investment firm Metaplanet has acquired 1,112 BTC for $117.2 million, reaching its 10,000 BTC target for the year. The company also approved a $210 million bond issuance to fund further Bitcoin purchases.
- Metaplanet reached its 2024 target of 10,000 BTC, acquired at an average price of ~$94,697 per Bitcoin.
- The firm plans to raise $210 million via a zero-interest bond to fund further Bitcoin purchases.
- Metaplanet is among the most shorted stocks in Japan, with analysts skeptical of its Bitcoin-backed valuation.
📎 Related coverage from: decrypt.co
Related Tags: Bitcoin