11 hours ago
Japan's Metaplanet has issued much zero-interest bonds arsenic the listed institution looks to asquire much bitcoin (BTC).
The institution said contiguous successful a announcement to shareholders that it issued 2 cardinal yen ($13.4 million) successful zero-interest mean bonds for buying BTC, with Evo money erstwhile again acting arsenic the sole bondholder.
These bonds transportation nary involvement and volition beryllium redeemed successful afloat connected Sept. 17.
These enslaved issuances are a regular occurrence for the listed institution arsenic Metaplanet continues to summation its bitcoin reserves, taking vantage of cheaper pricing brought by BTC's caller terms correction.
Last week, the institution announced it had acquired 162 BTC for $13.5 cardinal astatine an mean terms of $83,123 per bitcoin.
With each its caller buys, Metaplanet present holds 3200 BTC, worthy $265 million, which makes it the tenth-largest BTC-holding nationalist entity, according to bitcointreasuries.net.
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