Metaplanet has announced the issuance of zero-interest bonds totaling $15 million aimed at expanding its Bitcoin holdings. This decision supports its strategy of deepening involvement in cryptocurrency.
Bond Issuance Terms
The bonds were issued exclusively to EVO FUND with a face value of $375,000 each. Bondholders will receive $1 for every $1 invested upon maturity on November 12, 2025. Early redemption is also allowed at full face value upon request.
Bitcoin Acquisition Strategy
The company plans to use the funds raised from the bond sale to increase its Bitcoin holdings. This move is part of a broader financing initiative related to the company’s stock acquisition rights program.
Impact on Financial Results
Metaplanet stated that it expects minimal impact on its consolidated financial results for FY2025. The company has committed to providing timely updates in case of any material changes.
Thus, the issuance of zero-interest bonds highlights Metaplanet’s commitment to following the Bitcoin investment model by utilizing corporate debt to enhance long-term cryptocurrency reserves.
