Metaplanet Inc (3350) is seeking to raise another 2 billion Yen ($13.3 million) by selling additional ordinary bonds with a 0% interest.
The funds will be used to buy more bitcoin (BTC), aligning with the company’s strategic investment plan.
The bond issuance is exclusively allocated to Evo Fund, with redemption scheduled for Aug. 26.
The redemption is backed by proceeds from the company’s stock acquisition rights. Metaplanet’s latest move underscores its commitment to bitcoin as a reserve asset, further strengthening its financial strategy.
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UPDATE (Feb. 27, 14:34 UTC): Adds bullet points
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James Van Straten, CoinDesk Bot
https://www.coindesk.com/markets/2025/02/27/metaplanet-seeks-to-raise-over-usd13m-from-bond-sale-to-acquire-more-bitcoin
2025-02-27 08:51:34
