14 hours ago
5 ARTICLE AD
Metaplanet has raised 2 billion yen ($13.4 million) through zero-interest bonds, allocated to Evo Fund and backed by stock acquisition rights, to purchase more BTC.
Mar 18, 2025, 7:49 a.m. UTC
Japan's Metaplanet has issued more zero-interest bonds as the listed company looks to asquire more bitcoin (BTC).
The company said today in a notice to shareholders that it issued 2 billion yen ($13.4 million) in zero-interest ordinary bonds for buying BTC, with Evo fund once again acting as the sole bondholder.
These bonds carry no interest and will be redeemed in full on Sept. 17.
These bond issuances are a regular occurrence for the listed company as Metaplanet continues to increase its bitcoin reserves, taking advantage of cheaper pricing brought by BTC's recent price correction.
Last week, the company announced it had acquired 162 BTC for $13.5 million at an average price of $83,123 per bitcoin.
With all its recent buys, Metaplanet now holds 3200 BTC, worth $265 million, which makes it the tenth-largest BTC-holding public entity, according to bitcointreasuries.net.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
