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Metaplanet Boosts Bitcoin Holdings to $159M Amid Japan's Economic Struggles
Metaplanet, a Japanese public company, has recently decided to boost its Bitcoin holdings as part of its strategy to manage economic challenges. The company raised 4 billion yen (around $26.39 million) by issuing ordinary bonds to EVO Fund, a debt and financing solutions provider. With this money, Metaplanet bought 269.43 more bitcoins, bringing its total to 2,031.41 BTC, which is worth around $159 million at the current price of $96,000 per Bitcoin.