Japanese Firm Metaplanet’s 1 Billion Yen Bitcoin Investment Amid Crumbling Yen
With Japan's financial situation looking uncertain, publicly-traded company Metaplanet has made a bold move by investing a massive 1 billion yen (about $6.26 million) in Bitcoin. They're moving away from low-interest bonds to invest in the world's most famous cryptocurrency, using money from its second issuance of ordinary bonds, which offer an annual interest rate of 0.5% and will mature in June 2025.
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