Metaplanet Inc. Plans New Bond Issuance
Metaplanet Inc. (3350) is making headlines once again as it seeks to raise an additional 2 billion Yen (approximately $13.3 million) through the issuance of ordinary bonds that carry a 0% interest rate. This strategic financial move is part of the company’s ongoing efforts to bolster its cryptocurrency investments, particularly in Bitcoin (BTC).
The proceeds from this bond issuance will be primarily allocated towards increasing the company’s Bitcoin holdings, reinforcing its commitment to digital assets as a cornerstone of its financial strategy. Notably, this bond sale is exclusively designated for the Evo Fund, with a redemption date set for August 26. The redemption of these bonds will be supported by funds generated from the company’s stock acquisition rights, ensuring a secure process for investors.
Metaplanet’s latest initiative highlights its unwavering dedication to utilizing Bitcoin as a reserve asset, further solidifying its position in the rapidly evolving landscape of cryptocurrency investments.
Disclaimer: Portions of this article were crafted with the assistance of AI tools and have been thoroughly reviewed by our editorial team to ensure accuracy and compliance with our editorial standards. For further details, please refer to CoinDesk’s comprehensive AI Policy.
UPDATE (Feb. 27, 14:34 UTC): Additional bullet points have been included.
