Metaplanet, a prominent company in the cryptocurrency world, has announced its third bond series with the intention of raising $11.3 million. The funds are earmarked for the purchase of Bitcoin, showcasing Metaplanet's strategic focus on the renowned cryptocurrency.
The bonds come with an annual interest rate of 0.36%, a figure that is backed by the company's director, adding an element of security and confidence for potential investors.
This move highlights the increasing corporate interest in Bitcoin. With this strategic acquisition strategy, Metaplanet aims to strengthen its position in the crypto market.