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31 March 2025 09:16, UTC
Japanese public company Metaplanet has issued 2 billion yen ($13.3 million) worth of zero-interest bonds in order to fund its future Bitcoin purchases, according to a Monday announcement.
CEO Simon Gerovich has said that the company is "buying the dip."
Earlier today, the price of Bitcoin slipped to an intraday low of $81,362.
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As reported by U.Today, Metaplanet announced its latest purchase of 150 BTC on March 24.
Metaplanet has now emerged as the top Asian holder of Bitcoin, outpacing Chinese game developer Boyaa Interactive and mining firm Cango. After its most recent Bitcoin purchase, the firm now holds $267 million worth of Bitcoin. This impressive sum puts it above the US-based mining company Semler Scientific.
The shares of Metaplanet are down 8.03% despite the announcement. Japan's Nikkei has plunged by 4%, reaching its lowest level in nearly eight months amid escalating global trade tensions.
