COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Metaplanet Raises Funds to Accelerate Bitcoin Purchases
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Metaplanet Raises Funds to Accelerate Bitcoin Purchases
Bitcoin (BTC)

Metaplanet Raises Funds to Accelerate Bitcoin Purchases

In Brief

  • Metaplanet raises 60.6 million dollars for Bitcoin purchases.

  • CEO announces plans to expedite Bitcoin buying.

  • Company stock experiences significant fluctuations in value.

Ömer Ergin
Ömer Ergin 6 months ago
Share
SHARE

Japan-based investment company Metaplanet has raised a total of 9.5 billion Japanese yen (60.6 million dollars) this week by issuing two bonds. The company announced that these funds will be used to expedite purchases of Bitcoin (BTC) $107,227.

Contents
Plans for 2025 Accelerated to This YearStock Activity Continues for the Company

Plans for 2025 Accelerated to This Year

Metaplanet, listed on the Tokyo Stock Exchange, stated today that it issued a fifth bond worth 5 billion Japanese yen (31.9 million dollars). This follows the announcement made on Tuesday about a bond issuance of 4.5 billion Japanese yen (28.7 million dollars). Both bond issuances bear no interest and will mature on June 16, 2025.

CEO Simon Gerovich mentioned, “These funds will allow us to pull forward our planned Bitcoin purchases for 2025 to this year.” This move comes after the company’s decision in May to adopt Bitcoin as a strategic reserve asset.

Stock Activity Continues for the Company

Meanwhile, Metaplanet shares closed at 3,610 Japanese yen, down 4.24% on the Tokyo Stock Exchange on Friday. However, the company’s share value has increased by 2,023% since the beginning of the year. In contrast, the Nikkei 225 index, where the company is listed, fell by 0.2% on the same day. Additionally, the company’s shares began trading on the OTCQX market in the U.S. on Thursday, closing the first trading day down 9.96%.

Metaplanet Bitcoin

Recently, Metaplanet has gained attention due to its Bitcoin purchases, but the company still lags behind major Bitcoin investors like MicroStrategy. According to BitcoinTreasuries data, MicroStrategy continues to hold the largest corporate Bitcoin reserve with 439,000 BTC.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Discover Bitcoin’s Surprising Shift Towards Stability This Summer

Bitcoin Stays Steady: Will It Hold Key Support Levels?

Trump’s Company Buys Bitcoin after SEC Approval, Trump Media Group Expands

Raoul Pal Highlights a Single Factor Driving Bitcoin’s Price Surge

Bitcoin Trades Rapidly in Narrow Price Range

Ömer Ergin 20 December, 2024 - 4:14 pm 20 December, 2024 - 4:14 pm
Share This Article
Facebook Twitter
Share
Previous Article Fed’s Recent Rate Cuts Trigger Market Turmoil
Next Article Cryptocurrency Investors Anticipate Inflation Data Following Fed Announcements
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

How to Earn $1,780 or More Using Whaling Techniques?
Sponsored Article
Massive Coin Releases Shake the Crypto Landscape Next Week
Altcoin News
Altcoin SUI Reaches New Heights Driven by Growing Adoption and Institutional Interest
Altcoin News
Binance Expands Trading Options with New USDC Pairs and Algo Services
Binance
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?