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Metaplanet Doubles Down on Bitcoin: Adds 555 BTC to Treasury, Eyes Debt Offering for More
Metaplanet Doubles Down on Bitcoin: Adds 555 BTC to Treasury, Eyes Debt Offering for More
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Tokyo-based investment firm Metaplanet just executed a power move—bulking up its Bitcoin reserves by 555 BTC (worth ~$20M at current prices). Now they’re plotting to sell corporate bonds specifically to buy more. Because when life gives you negative-yielding debt, you swap it for hard money.
This brings their total stash to 1,287 BTC—a full 1% of MicroStrategy’s legendary hoard. The stock (TYO:3350) surged 9% on the news as traders cheered the ’if you can’t beat ’em, join ’em’ strategy against Japan’s crushing 0.25% interest rates.
Fun fact: Their CFO quit last month. The replacement? A Bitcoin maximalist.
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