To Bolster its Bitcoin Strategy, Metaplanet Raises $328 Million

Metaplanet raises 52 billion yen, or 328 million dollars via zero-coupon bonds, to restructure its debt and buy back its own shares. A major maneuver that secures its 44,000 Bitcoins without liquidation risk. The Japanese company listed on the Tokyo Stock Exchange (TSE: 3350) continues to make waves in the corporate world and the world of Bitcoin( BTC ). Metaplanet officially announced the issuance of yen convertible bonds called “Euro-Yen” with zero coupon due 2031 for a total amount of 52 billion yen, or approximately 328 million dollars.