Metaplanet Acquires 1,005 Bitcoin, Issues $208M Bonds for Further BTC Buys

Metaplanet has bought 1,005 bitcoin (BTC) pushing its total stash of the largest cryptocurrency to 13,350 BTC.

The Tokyo-listed hotelier also announced it is issuing 0% interest rate ordinary bonds worth $208 million to further enhance its bitcoin acquisition strategy.

Metaplanet, is a known BTC HODLer, and is one of the top five corporate holders of the cryptocurrency. Last week, the firm said it is raising $515 million from equity capital raises.

At press time, BTC was trading at $108,250.

Read more: Metaplanet Raises $515M, Blockchain Group Adds $4.8M in Bitcoin Treasury Equity Moves