Metaplanet to Boost Bitcoin Holdings with ¥2 Billion Zero-Coupon Convertible Bond

On March 12, COINOTAG News reported that the Japanese publicly traded firm Metaplanet plans to issue a ¥2 billion (around $13.506 million) zero-coupon convertible bond to bolster its Bitcoin holdings. Each bond, with a face value of ¥50 million, is designed for full redemption on September 11, 2025, while also offering bondholders the flexibility to redeem early. This strategic move is part of Metaplanet’s ongoing commitment to expanding its cryptocurrency portfolio, positioning itself favorably within the volatile crypto market. Investors and analysts will closely monitor this development, given the rising interest in digital assets among traditional financial institutions. Metaplanet’s initiative underscores a significant trend where established companies are increasingly integrating blockchain technology into their financial strategies.