Metaplanet Plans to Raise $13.3 Million Through Bond Sale for Bitcoin Purchase
Metaplanet Inc (3350) plans to raise 2 billion Yen ($13.3 million) through the issuance of additional ordinary bonds with a 0% interest rate.
- Funds will be allocated for purchasing more bitcoin.
- The bond issuance is designated for Evo Fund, with redemption set for Aug. 26.
- Redemption is supported by proceeds from stock acquisition rights.
- This move reinforces Metaplanet’s strategy of using bitcoin as a reserve asset.