Metaplanet, a significant player in Japan's investment sector, has announced a major financial move by issuing a ¥1.75 billion bond to boost its Bitcoin reserves. This issuance makes Metaplanet the second-largest corporate Bitcoin holder in Asia.
The company now owns 1,018 Bitcoins, valued approximately at $92.18 million, which equates to 0.005% of the entire Bitcoin supply.
This bold investment is largely influenced by the challenging economic situation in Japan, characterized by a weakening yen and substantial government debt.
