Metaplanet Inc. has announced issuance of 1 Billion yen in 0.5% bonds in order to buy additional bitcoin.
*Metaplanet issues ¥1 billion in 0.5% bonds; proceeds to fund additional purchases of $BTC* pic.twitter.com/qKZQKHZ6MS
— Metaplanet Inc. (@Metaplanet_JP) June 24, 2024
Metaplanet states, “The balance of Bitcoin held will be recorded at cost for those intended for long-term holding that are exempt from end-of-term market value assessment taxation. Other Bitcoin holdings will be evaluated at market value each quarter, with the valuation gains or losses recorded under non-operating income or expenses in the income statement. While our basic policy is to hold Bitcoin for the long term, if we use Bitcoin for operations or other purposes, the corresponding Bitcoin balance will be recorded as current assets on the balance sheet.” (source)
