Key Takeaways
- Metaplanet issued $25 million in zero-interest bonds to buy extra Bitcoin.
- The bonds can be repaid utilizing proceeds from future inventory acquisition rights.
- The corporate now holds over 5,000 BTC and its inventory has risen 1,428.5% in a yr.
Tokyo-based Metaplanet has issued ¥3.6 billion (roughly $24.8 million) in bonds to fund its continued accumulation of Bitcoin.
The zero-interest bonds, offered fully to EVO FUND, will mature on October 31, 2025, although they could be repaid earlier on the bondholder’s request.
Bitcoin acquisition technique
The funds are devoted to buying extra Bitcoin, aligning with Metaplanet’s purpose of buying 10,000 BTC by the top of 2025.
The agency presently holds greater than 5,000 BTC, valued at over $484 million, after buying 319 BTC in April for $26.3 million.
Compensation plan
The corporate plans to repay the bonds utilizing capital raised by means of inventory acquisition rights, which had been outlined in an earlier strategic plan.
If these equity-linked devices generate ample proceeds, Metaplanet might select to repay the bonds early.
Inventory efficiency
The corporate’s inventory (3350.T) closed at ¥428 on the final buying and selling day, up 8.6%, as investor confidence in its Bitcoin-focused technique stays robust.
Since launching its BTC acquisition technique in 2024, Metaplanet’s inventory has surged over 1,428.5% in a single yr.
Strategic positioning
Metaplanet’s transfer mirrors actions taken by different main corporations increasing their Bitcoin publicity, because it goals to strengthen its presence within the digital asset economic system.