Metaplanet, a Japanese Bitcoin treasury firm, is aggressively expanding its cryptocurrency reserves by announcing a bond issuance to fund these goals.
Metaplanet's Strategic Bond Issuance
Metaplanet's board approved the issuance of its 10th series of ordinary bonds, aimed at raising ¥2 billion ($13.33 million). These bonds are interest-free and will be fully redeemed by September 30, 2025. The funds are allocated to EVO FUND for furthering the Bitcoin accumulation strategy.
Rising Stock Value and Market Confidence
Metaplanet's strategy of Bitcoin accumulation has proven beneficial. The stock price surged nearly 8% after acquiring 162 BTC at an average price of $83,123 per Bitcoin. Since adopting Michael Saylor’s Bitcoin strategy, the company’s shares have soared over 3,000%.
Future Plans and New Faces on the Board
Eric Trump recently joined Metaplanet's board, reinforcing its ambitions as a significant Bitcoin player. The company is also considering a U.S. stock listing.
Metaplanet continues to actively increase its Bitcoin reserves, using bond issuance as a strategic tool to achieve its long-term goals.
