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Title: Japan’s MicroStrategy to Issue ¥1.75 Billion in Bonds to Fuel Bitcoin Buying Spree
MicroStrategy, a Japanese financial leader, has announced its plans to issue ¥1.75 billion (approximately $12 million) in bonds to further bolster its already substantial Bitcoin holdings.
In a shocking turn of events, the company revealed that each bond was priced at ¥43.75 million ($283,031), with an interest rate of 0.36%. This significant investment is expected to fuel MicroStrategy’s ongoing buying spree, further solidifying its position as one of the largest holders of Bitcoin in the world.
It’s worth noting that MicroStrategy has been aggressively accumulating Bitcoin assets in recent times. The company has now added a staggering 15,350 new units of the cryptocurrency to its portfolio, bringing the total amount held to an astonishing 439,000 Bitcoin units.
This move by MicroStrategy underscores the growing confidence in the potential long-term returns offered by the digital asset market and the willingness of institutional investors to take calculated risks.
Source: u.today
