Metaplanet, a Japanese investment firm, is raising 5 billion yen (31.9 million USD) in bonds to enhance its Bitcoin stock. This approach is intended to replicate MicroStrategy’s successful acquisition model.
Bitcoin recently peaked at 108,135 USD but fell to about 96,846 USD due to Federal Reserve comments. Metaplanet faces share price declines of nearly 3% today, totaling over 12% this week.