Metaplanet issues $13.6m in ordinary bonds to buy more Bitcoin

The Japanese investment company Metaplanet issued $ 13.6 million in ordinary 0% bonds to finance the purchase of additional bitcoin.

The company listed in Tokyo Metaplanet issues 2 billion JPY (approximately $ 13.6 million) in bonds in Evo Fund, funds to buy more bitcoin (BTC) As part of the continuous strategy of the company aimed at increasing its assets in digital assets.

In a February 27 regulatory depositMetaplanet said that the obligations are not aroused in interest and will be exchanged at their nominal value on August 26. However, the Bondush, Evo Fund, has the possibility of requesting an early repurchase at any time. Early repurchase can be made for all or part of the current obligations, provided that the request is made at least one working day in advance, the document said.

The funds required for the redemption of obligations will come from the product of the 13th to the 17th series of share acquisition rights, which Metaplanet plans to exercise. If the funds of these exercises reach a multiple of 50 million JPY, part of the obligations can be bought early.

The issue of bonds will be fully allocated to the EVO Fund, without guarantee or guarantee attached to the obligations, according to the document. Despite the news, Metaplanet’s shares have dropped by almost 25% while cryptography prices experience a decrease of one week.

The announcement comes two days after Metaplanet added 135 BTC to his treasure, strengthening his position as one of the most active Bitcoin investors in Japan.

Like the strategy – formerly Microstrategy -, which has the biggest The company’s Bitcoin vouchers, Metaplanet, have gradually developed its assets since the launch of its Bitcoin treasure operations. As indicated by Crypto.News previously, the company’s BTC yield, which measures the amount of Bitcoin held by action, increased by 309.8% to T4 2024. It however slowed down to 23.2% at the start of 2025 as Metaplanet increased the number of its shares.