Metaplanet Issues 3.6 Billion Yen Bonds for Bitcoin Acquisition
Tokyo-based Metaplanet (3350) has issued bonds worth 3.6 billion yen (approximately $24.8 million) to finance further bitcoin (BTC) purchases, following its holdings surpassing 5,000 BTC.
- The bonds were sold entirely to EVO FUND.
- They carry no interest and will be redeemed at par value on October 31, 2025, unless repaid earlier at the bondholder’s request.
- Funds are designated specifically for BTC acquisition as part of a previously disclosed strategy.
- Redemption funding is expected through capital raised via stock acquisition rights, dependent on investor appetite.
- If proceeds from those rights exceed set thresholds, Metaplanet may repay portions of the bond early.
- Shares closed at 428 yen, reflecting an 8.6% increase in the last trading session.