Metaplanet Issues $25 Million in Bonds to Buy More Bitcoin
Bitcoin Magazine Metaplanet Issues $25 Million in Bonds to Buy More Bitcoin Japanese investment firm Metaplanet announced Thursday it will issue 3.6 billion yen ($24.8 million) in bonds to fund additional Bitcoin purchases, as the company continues its aggressive accumulation strategy. This post Metaplanet Issues $25 Million in Bonds to Buy More Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen.
Bitcoin Magazine
Metaplanet Issues $25 Million in Bonds to Buy More Bitcoin
The Tokyo-based company said in a regulatory filing that the 12th series of ordinary bonds will be sold entirely to EVO FUND, carrying no interest and maturing on October 31, 2025. The bonds will be issued at 90 million yen per unit and redeemed at face value, according to the company notice.
“The proceeds raised through this issuance will be allocated to the purchase of Bitcoin,” Metaplanet stated in the filing, noting the funding aligns with plans disclosed in January regarding its series of stock acquisition rights.
The company expects to fund the bonds’ redemption through capital raised from the exercise of its 15th to 17th series of stock acquisition rights. The bondholder can request early redemption by providing written notice at least one business day before the desired redemption date.
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