Metaplanet Issues $21M in Bonds a Day After $50M Bitcoin Raise
The post Metaplanet Issues $21M in Bonds a Day After $50M Bitcoin Raise appeared on BitcoinEthereumNews.com.
Japanese investment company Metaplanet issued $21 million in zero-interest bonds to Evo Fund, a Cayman Islands-based investment firm, just a day after announcing a separate $50 million raise, further accelerating its Bitcoin accumulation strategy. The 17th series of bonds, issued on May 29, comes with a face value of $525,000 each and will mature on Nov. 28, 2025. Unlike traditional debt instruments, these bonds yield no interest, allowing Metaplanet to borrow without additional repayment costs. Under the terms, Evo Fund is entitled to early redemption by giving at least five business days’ notice. The bonds can be redeemed in full or in part, in multiples of $525,000. Metaplanet may also trigger redemptions tied to future fundraising rounds involving the same investor, depending on cumulative payments. There is no collateral or guarantee attached to the bonds, and no bond administrator has been appointed, as permitted under Japanese corporate law. The company has designated its Tokyo office as the location for payment handling. Related: Metaplanet issues $50M in new debt to buy more Bitcoin Metaplanet raised $135.2 million this year Metaplanet has consistently tapped the debt market to fund Bitcoin (BTC) purchases, raising $25.9 million in February, $13.3 million in March and $25 million earlier in May. The company’s stated goal is to hold 10,000 BTC by the end of 2025. With this week’s back-to-back fundraising, total capital raised this year has reached $135.2 million. Source: Metaplanet Metaplanet holds about 7,800 BTC, according to BitcoinTreasuries.NET, placing it at number 11 among the largest corporate Bitcoin holders. With holdings now valued at about $840 million, the company’s average purchase price is $91,340 per Bitcoin. In March, the firm added 696 BTC through a combination of exercised cash-secured put options and premiums earned from selling those contracts. It was followed by another purchase of 145…
Filed under: News - @ May 29, 2025 9:26 pm