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Metaplanet Inc., a Japanese-listed firm, has made a significant move by utilizing $10 million in zero-coupon dollar-denominated bonds to purchase more Bitcoin. This bold decision marks a strategic shift in the company’s funding approach and further solidifies its position as one of Asia’s most aggressive corporate players in the crypto space.
As reported, Metaplanet issued the bonds to EVO FUND, which will allow it to boost its Bitcoin holdings without straining its financial resources. The move is seen as a deliberate effort to bypass high and often unreasonable exchange fees imposed by Japanese banks when converting yen to dollars for Bitcoin purchases.
Source: https://coinpedia.org/news/metaplanet-buys-bitcoin-using-10m-usd-bonds-in-strategic-funding-shift/
