1 week ago
Tokyo-based Metaplanet (3350) has issued 3.6 cardinal yen (around $24.8 million) successful bonds to money further purchases of bitcoin (BTC) aft the Japanese edifice firm’s holdings surpassed 5,000 BTC.
According to a notice from the company, the recently issued bonds were sold wholly to EVO FUND. The bonds transportation nary involvement and volition beryllium redeemed astatine par worth connected October 31, 2025, unless repaid earlier astatine the bondholder’s request.
The funds are earmarked specifically for BTC acquisition, successful enactment with the program disclosed earlier this twelvemonth erstwhile Metaplanet elaborate a bid of banal acquisition rights.
The institution expects to money the bond's redemption done superior raised via the workout of its banal acquisition rights, meaning the eventual payback whitethorn trust connected capitalist appetite for Metaplanet’s equity-linked instruments.
If proceeds from those rights transcend definite thresholds, Metaplanet reserves the close to repay portions of the enslaved early. Metaplanet shares closed astatine 428 yen each, up 8.6% successful the past trading session.
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