Japanese listed company Metaplanet announced on Thursday that its board of directors has passed a resolution to issue 2 billion yen (approximately 13.3 million US dollars) in ordinary bonds to purchase more Bitcoin.

The company's last Bitcoin purchase occurred two days ago, with an increase in holdings of 135 BTC and an average purchase price of approximately 95785. As of February 25th, Metaplanet holds a total of 2235 bitcoins with an average purchase price of approximately $82988.

Metaplanet In April 2024, a strategic shift will be made to its financial management strategy, adopting Bitcoin as a strategic reserve asset to hedge against Japan's debt burden and the resulting fluctuations in the Japanese yen. In January of this year, Metaplanet CEO Simon Gerovich stated that the company hopes to expand its Bitcoin holdings to 10000 BTC by 2025.

On Monday of this week, US software company Strategy (formerly known as Micro Strategy) announced that it has completed a $2 billion convertible senior note issuance and announced that it has purchased 20356 bitcoins between February 18 and February 23 at a cost of approximately $1.99 billion, with an average purchase price of approximately $97514.