Japanese investment firm Metaplanet Inc. announced plans to buy 1 billion yen ($6.3 million) worth of bitcoin using funds raised from an upcoming bond issuance, resulting in a 12.2% rise in its stock price. The bonds, which will mature in June 2025, come with an annual interest rate of 0.5%. This move follows Metaplanet’s earlier purchases of bitcoin and its strategy to adopt bitcoin as a treasury reserve asset amid economic pressures in Japan.
