Metaplanet issues another $21M in bonds to fuel Bitcoin purchases

By: cryptosheadlines|2025/05/10 01:15:04
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Metaplanet issued its 14th Series of Ordinary Bonds, raising $21.25 million to fund additional Bitcoin (BTC) purchases as the company deepens its strategic pivot toward digital assets.The bonds were approved at a board meeting on May 9 and fully subscribed by EVO FUND, according to the regulatory filing.The notes will be structured as zero-coupon instruments with no interest. Each bond carries a face value of $625,000 and will be redeemed in full on Nov. 7, 2025.Bondholders will retain the right to request early redemption with one business day’s notice, while Metaplanet can also trigger partial redemptions if it receives equivalent proceeds from its 15th and 16th Series Stock Acquisition Rights.Metaplanet confirmed that the proceeds will be used to acquire Bitcoin, in line with a Jan. 28 filing that detailed its multi-series financing and stock acquisition strategy.The bonds are unsecured and non-guaranteed, and no bond administrator will be appointed under Japan’s Companies Act, as the issuance meets specific legal exemptions.Bitcoin holdings hit $480 millionThis week, Metaplanet acquired an additional 555 BTC for approximately $53.4 million, bringing its total Bitcoin holdings to 5,555 BTC.The company’s cumulative investment now totals $481.5 million, with an average purchase price of $86,672 per Bitcoin. These holdings make Metaplanet the largest public Bitcoin holder in Asia and the 9th largest globally, surpassing multiple US firms in scale.The company’s stock has rallied over 2,200% since it adopted the Bitcoin standard last year, primarily driven by investor optimism over its digital asset strategy. It aims to accumulate 10,000 Bitcoin by the end of this year.Metaplanet also announced plans to establish a US-based subsidiary, Metaplanet Treasury, in Florida to expand its capital access. The entity is expected to raise up to $250 million to support further Bitcoin acquisitions and global expansion.Despite the scale of the new bond issuance, Metaplanet stated the move is expected to have minimal impact on its consolidated financial results for the fiscal year ending December. The company committed to providing updates should any material developments occur.Metaplanet’s aggressive Bitcoin strategy reflects a broader trend among corporates adopting digital assets as part of their treasury reserves, a shift that continues to reshape capital management practices around the world.Mentioned in this articleLatest Alpha Market ReportSource link

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