Metaplanet, a Japanese investment adviser listed on the Tokyo Stock Exchange, has announced plans to issue ¥1.7 billion ($11.3 million) in bonds to fund the purchase of additional Bitcoin.
The company will issue a one-year bond with a 0.36% annual interest rate, specifically targeting its EVO FUND. The bonds, which are fully guaranteed by Metaplanet’s president Simon Gerovich, will mature on November 17, 2025. Repayment will be secured through a first-priority mortgage on Hotel Royal Oak Gotanda, a property owned by Metaplanet’s subsidiary, Wen Tokyo Inc.
Following the announcement, Metaplanet’s shares surged by 5% on the Tokyo Stock Exchange.
This bond issuance highlights Metaplanet’s ongoing commitment to Bitcoin, reinforcing its strategy of expanding its cryptocurrency portfolio. The company reassured investors that the issuance would have minimal impact on its fiscal year results but promised further updates if any significant changes occur.
In addition to the bond issuance, Metaplanet introduced a new shareholder benefits program. This initiative, developed in partnership with SBI VC Trade, The Bitcoin Conference, Bitcoin Magazine, Hotel Royal Oak Gotanda, and Webull Securities, offers Bitcoin-related perks and discounts to engage shareholders and encourage long-term investment.
The announcement follows Metaplanet’s recent acquisition of 156.7 BTC, which brought its total holdings to 1,018 BTC, surpassing the 1,000-BTC milestone.
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