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    HomeFinanceMetaplanet Pays Off ¥2B Bonds Ahead of Schedule Amid Expanding Bitcoin Strategy

    Metaplanet Pays Off ¥2B Bonds Ahead of Schedule Amid Expanding Bitcoin Strategy

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    Pi Network experiences 18% drop within 48 hours, expected to continue declining due to market pressure

    The post Pi Network Crashes 18% in 48 Hours; Further Decline Likely Amid Market Pressure appeared first on Coinpedia Fintech News Pi Network is struggling as it witnessed a sharp drop of 18% in a span of just 48 hours, which wiped out its recent recovery attempt from March. Investors are again getting weary as the momentum has turned bearish. The RSI remains below the neutral 50 mark, which signals weak buying pressure and potential for …
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    Metaplanet has made a strategic financial move by fully repaying its ¥2 billion in zero-interest bonds ahead of schedule. The repayment was funded through EVO FUND’s exercise of stock warrants. This early payoff helps improve the company’s balance sheet without affecting earnings. It also shows Metaplanet’s commitment to its Bitcoin-focused strategy.

    Earlier in March, Metaplanet made a partial payoff of ¥1.5 billion on the bonds. Since the bonds had no interest, this repayment is not expected to have a significant impact on the company’s earnings for 2025.

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    Metaplanet has been stacking up its Bitcoin holdings, currently holding 4,046 BTC valued at around $344.6 million. In the past week alone, the company added 696 BTC worth about $59.28 million. Over the last 30 days, it accumulated a total of 1,811 BTC worth $154.26 million. The company has been aggressively buying Bitcoin, especially since late February 2025.

    Despite the drop in Bitcoin prices, Metaplanet remains confident in its investment. The stock of the company has fallen 20% in response to investor concerns about its heavy exposure to cryptocurrencies. Bitcoin itself has experienced a 10% crash in 24 hours, reaching $74,600 due to fears of a global trade war. This is the lowest level in weeks as investors seek to reduce risk. Bitcoin dominance has also increased to 63%, indicating a retreat from other cryptocurrencies.

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    Also read:  BANXA Acquires 30.5M Pi Coins, Indicating a Significant Crypto Transformation in Pi Network

    MetaPlanet CEO Simon Gerovich has expressed confidence in Bitcoin, stating that volatility is a natural part of an asset with long-term potential. He believes that these down days are an opportunity to test and strengthen belief in Bitcoin’s value.

    Overall, Metaplanet’s repayment of its bonds and its continued accumulation of Bitcoin demonstrate its commitment to its Bitcoin-focused strategy despite market fluctuations.

    Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.

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    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
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