Metaplanet launches new $25M bond to resume BTC buying
The post Metaplanet launches new $25M bond to resume BTC buying appeared on BitcoinEthereumNews.com. Metaplanet issued another short-term bond, valued at 3.6B JPY, or close to $25M. The company intends to continue BTC purchases both as a native entity and through its global subsidiaries. Metaplanet announced another short-term bond for 3.6B JPY, or close to $25M. The company intends to resume its BTC purchases, with the intention of adding up to 5K BTC by the end of the year. Metaplanet issued an ordinary short-term bond with a 100 JPY face value, to be redeemed on October 31. *Metaplanet Issues 3.6 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/e3UIEP7csr — Metaplanet Inc. (@Metaplanet_JP) May 2, 2025 The bond is not yield-bearing, and there is still no data for the market price at which it will open. The bond is the 12th series of ordinary debt instruments for the company. The bond redemption will be financed from Metaplanet’s stock acquisition rights. If the company achieves sufficient proceeds from its stock acquisition rights, it may proceed with the immediate redemption of the outstanding bonds. The new bond plan from Metaplanet came just a day after the company announced plans to launch a US subsidiary, registered in Florida. The new entity will have up to 250M in capital to buy more BTC. Metaplanet boosts BTC confidence Previously, Metaplanet covered outstanding debt before its maturity date, and the new bond had the same option. The company aims to build a healthy balance sheet with lower debt, while reflecting its BTC earnings. Following the news, Metaplanet shares continued their expansion, to trade at 428 JPY. The shares rose by nearly 20% in the past working week, matching the company’s social media presence and overall hype for corporate BTC buyers. Metaplanet traded on peak volumes, drawing attention with its high-profile BTC bullish outlook. | Source: Google Finance The…
The post Metaplanet launches new $25M bond to resume BTC buying appeared on BitcoinEthereumNews.com.
Metaplanet issued another short-term bond, valued at 3.6B JPY, or close to $25M. The company intends to continue BTC purchases both as a native entity and through its global subsidiaries. Metaplanet announced another short-term bond for 3.6B JPY, or close to $25M. The company intends to resume its BTC purchases, with the intention of adding up to 5K BTC by the end of the year. Metaplanet issued an ordinary short-term bond with a 100 JPY face value, to be redeemed on October 31. *Metaplanet Issues 3.6 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/e3UIEP7csr — Metaplanet Inc. (@Metaplanet_JP) May 2, 2025 The bond is not yield-bearing, and there is still no data for the market price at which it will open. The bond is the 12th series of ordinary debt instruments for the company. The bond redemption will be financed from Metaplanet’s stock acquisition rights. If the company achieves sufficient proceeds from its stock acquisition rights, it may proceed with the immediate redemption of the outstanding bonds. The new bond plan from Metaplanet came just a day after the company announced plans to launch a US subsidiary, registered in Florida. The new entity will have up to 250M in capital to buy more BTC. Metaplanet boosts BTC confidence Previously, Metaplanet covered outstanding debt before its maturity date, and the new bond had the same option. The company aims to build a healthy balance sheet with lower debt, while reflecting its BTC earnings. Following the news, Metaplanet shares continued their expansion, to trade at 428 JPY. The shares rose by nearly 20% in the past working week, matching the company’s social media presence and overall hype for corporate BTC buyers. Metaplanet traded on peak volumes, drawing attention with its high-profile BTC bullish outlook. | Source: Google Finance The…
What's Your Reaction?
