May 2, 2025
Metaplanet Issues $ 25m Bonds to Buy More Bitcoin thumbnail
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Metaplanet Issues $ 25m Bonds to Buy More Bitcoin

The BONDS, REDEMABLE IN 2025, WILL BE REPAID THRUGH CAPITAL RAISED FROM STECK ACQUISION RIGHTS.”, – WRITE: www.coindesk.com

The BONDS, REDEMABLE IN 2025, WILL BE REPAID THRUGH CAPITAL RAISED FROM STECK ACQUISION RIGHTS. May 2, 2025, 8:54 AM

Tokyo-Based MetaPlanet (3350) HAS Issued 3.6 Billion Yen (AROUND $ 24.8 Million) in Bonds to Funds Additional Purchases of Bitcoin (BTC) After The Japanese Heltl Firm

Accorging to a notice from the company, the Newly Issued Bonds Were Sold Entirely to Evo Fund. The Bonds Carry No Interest and Will Be Redemed at Par Value on October 31, 2025, Unless Repaid Earlier at the Bondholder’s Request.

The Funds Are Earmarked Special for BTC Acquisition, in Line with the Plan Disclosed Earlier this Year WHEN METAPLANET DETAILED A Series of Stock Acquisition Rights.

The Company to Fund The Bond’s Redemption Through Capital Raised Via The Exercise of Its Stock Acquisition Right

If Proceeds from thoss righs exceed Certain Thresholds, Metaplanet Reserves the Right to Repay Poctions of the Bond Early. Metaplanet Shares Closed at 428 Yen Each, Up 8.6% in The Last Trading Session.

Francisco Rodrigues

Francisco is a reporter for coindesk with a passion for Cryptocurrencies and Personal Finance. Before joining coindesk he worked at Major Financial and Crypto Publications. He OWNS BITCOIN, Ether, Solana, and Paxg Above Coindesk’s $ 1,000 Disclosure Thrasld.

Francisco Rodrigues

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