MetaPlanet Issues $50 Million in Zero-Interest Bonds for Bitcoin Purchases

Following a $21 million bond issuance, Metaplanet aims to accelerate its Bitcoin accumulation, targeting 10,000 BTC by 2025.

BTC

195d ago

Summary

Metaplanet has announced a $21 million bond issuance to fund additional Bitcoin purchases, part of its strategy to accumulate a total of 10,000 BTC by 2025. The bonds, sold to Evo Fund, are set for redemption on November 28, 2025, and will have minimal impact on the company's 2025 financial results. This follows a separate $50 million raise, bringing total capital raised this year to $135.2 million, with Metaplanet currently holding approximately 7,800 BTC valued at around $840 million.

Terms & Concepts

Zero-interest bonds: Financial instruments that do not pay periodic interest but are issued at a discount to their face value.
Bitcoin Treasury strategy: A corporate finance approach where companies invest a portion of their cash reserves into Bitcoin as a hedge against inflation and currency devaluation.