Overview

Tokyo-based Metaplanet has launched bonds totaling 3.6 billion yen (approximately $24.8 million) to finance the purchase of additional bitcoin (BTC), capitalizing on the company’s holdings that have recently surpassed 5,000 BTC.

According to a report from Metaplanet, these bonds were fully sold to EVO FUND. They are interest-free and set for redemption at their par value by October 31, 2025, unless repaid sooner upon the bondholder’s request.

Key Points

• Funds are specifically designated for acquiring Bitcoin, aligning with prior announcements about stock acquisition rights.
• The company anticipates that the bond’s repayment will come from capital raised through these stock rights, meaning repayment may depend on investor interest in Metaplanet’s equity-linked offerings.
• Should the funds from stock rights exceed certain levels, Metaplanet has the option to repay parts of the bond earlier.
• Metaplanet’s shares recently closed at 428 yen, reflecting an 8.6% increase in the last trading session.

Conclusion

This strategic move illustrates Metaplanet’s commitment to expanding its Bitcoin holdings and its innovative approach to fund management.