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Metaplanet KK ( (JP:3350) ) has provided an announcement.
Metaplanet Inc. announced a change in the use of proceeds from its 19th Series of Ordinary Bonds, with a significant portion allocated to Bitcoin purchases. This strategic move aims to protect against yen depreciation and inflation, while enhancing corporate value through increased Bitcoin holdings and income generation strategies. The company plans to use the funds for bond redemption, Bitcoin purchases, income generation through Bitcoin-related activities, and general working capital, reflecting a shift in financial strategy to adapt to Japan’s challenging economic environment.
More about Metaplanet KK
Metaplanet Inc. operates in the financial industry, focusing on strategic treasury management and cryptocurrency investments. The company has adopted Bitcoin as its primary reserve asset to mitigate risks associated with yen depreciation and leverage Bitcoin’s long-term appreciation potential.
Average Trading Volume: 50,123,384
Technical Sentiment Signal: Buy
Current Market Cap: Yen975.5B
For a thorough assessment of 3350 stock, go to TipRanks’ Stock Analysis page.