Metaplanet has announced the issuance of bonds totaling approximately $23.23 million, equivalent to ¥3.6 billion. This action is aimed at increasing the company's Bitcoin holdings.
Information on Bond Issuance
According to the official statement, the total value of the issuance amounts to approximately $23.23 million (¥3.6 billion). Each bond carries a face value of around $580,645 (¥90 million) and will bear no interest. The entire issuance has been subscribed to by EVO FUND, which will act as the sole investor.
Terms and Redemption Process
The bonds will be paid for on May 2, 2025, and are scheduled for redemption on October 31, 2025. Investors will receive full redemption at face value, with the company allowing the option for full or partial early redemption upon written request at least one business day in advance.
Metaplanet's Strategy
The company noted that if proceeds from the exercise of its 15th to 17th Series of Stock Acquisition Rights equal or exceed the value of any single bond—approximately $580,645—early redemption may be triggered without prior investor request. The issuance has no collateral or guarantee.
The bond issuance by Metaplanet underscores the company's strategic focus on increasing its Bitcoin holdings, reflecting the growing trend of institutional adoption of digital assets in Japan.
