Metaplanet KK ( (JP:3350) ) has provided an update.
Metaplanet Inc. announced a revision in the use of funds from its recent issuance of the 11th Series of Ordinary Bonds, amounting to USD 10 million, which will now be allocated towards purchasing Bitcoin. This adjustment reflects the company’s strategic focus on cryptocurrency investments, and while it does not impact the current fiscal year’s consolidated financial results, it underscores Metaplanet’s commitment to leveraging digital assets for future growth.
More about Metaplanet KK
Metaplanet Inc. operates in the financial sector, focusing on investments and financial instruments. The company is involved in the issuance of bonds and stock acquisition rights, with a strategic interest in cryptocurrency, specifically Bitcoin, as part of its investment portfolio.
YTD Price Performance: 4.31%
Average Trading Volume: 45,925,241
Technical Sentiment Signal: Sell
Current Market Cap: Yen174B
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