Metaplanet, a Japanese investment firm, is raising $21.25 million through a bond issue to fund its Bitcoin acquisitions. This follows a recent purchase on May 7, where Metaplanet spent $53.4 million to acquire 555 Bitcoin at an average price of $96,134, increasing its total Bitcoin holdings to 5,555 BTC. The firm will issue zero-coupon bonds, which do not pay interest and are typically sold at a discount, with a redemption date set for November 7. If successful, the new funds could allow Metaplanet to purchase an additional 206 Bitcoin based on current market prices. This firm, currently the largest public corporate holder of Bitcoin in Asia, has seen its stock price soar over 1,600% in the past year, now trading at 511 Japanese yen ($3.50). Metaplanet is also establishing a US subsidiary to expand its strategies and plans to raise $250 million from US capital markets to continue its investment in Bitcoin. Its aggressive accumulation strategy aligns with a growing trend of companies enhancing their balance sheets with Bitcoin.

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