Metaplanet Continues Bond Issuance for Bitcoin Buys

Japan's Metaplanet has issued more zero-interest bonds as the listed company looks to asquire more bitcoin (BTC).

The company said today in a notice to shareholders that it issued 2 billion yen ($13.4 million) in zero-interest ordinary bonds for buying BTC, with Evo fund once again acting as the sole bondholder.

These bonds carry no interest and will be redeemed in full on Sept. 17.

These bond issuances are a regular occurrence for the listed company as Metaplanet continues to increase its bitcoin reserves, taking advantage of cheaper pricing brought by BTC's recent price correction.

Last week, the company announced it had acquired 162 BTC for $13.5 million at an average price of $83,123 per bitcoin.

With all its recent buys, Metaplanet now holds 3200 BTC, worth $265 million, which makes it the tenth-largest BTC-holding public entity, according to bitcointreasuries.net.