Web Analytics
cryptonews
2025-03-31 05:04:23

Metaplanet Issues Zero-Interest Bonds Worth $13M to Acquire More Bitcoin

Tokyo-based Metaplanet is ramping up efforts to make Bitcoin the centerpiece in its corporate strategy. As part of this effort, the company announced Monday it had issued 2b yen (about $13.3m) in zero-interest ordinary bonds . These proceeds, it said, will be used exclusively to purchase additional Bitcoin. The bond issuance, approved during a board meeting on March 31, supports Metaplanet’s broader push to position Bitcoin as a central pillar in its corporate treasury. *Metaplanet Issues 2 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC * pic.twitter.com/ZrC5plI1Nc — Metaplanet Inc. (@Metaplanet_JP) March 31, 2025 Metaplanet Taps Stock Proceeds to Cover Bonds Notably, all bonds will be allocated to EVO FUND and carry no interest, with full redemption scheduled for Sept. 30, 2025. However, early redemption is permitted under specific conditions, giving the bondholder some flexibility. To fund redemption, Metaplanet plans to use proceeds generated through exercising its existing stock acquisition rights, a mechanism detailed in its Jan. 2025 filings. The company says the financial impact on its 2025 earnings will be limited—but the strategic implications are far more telling. Eric Trump Joins Metaplanet’s Advisory Board Meanwhile, Metaplanet has been steadily transforming into a Bitcoin-aligned company, taking cues from US-based MicroStrategy. It began acquiring BTC in April 2024 and currently holds 3,200 Bitcoin —worth about $260.8m. Looking ahead, it has set an even more ambitious public goal to build a 10,000 BTC reserve before end 2025. The company sees Bitcoin as a hedge against Japan’s prolonged economic headwinds, including currency volatility and mounting national debt. Anchoring its balance sheet in BTC, Metaplanet is betting on long-term strength in decentralized assets rather than fiat stability. Earlier this month, Metaplanet added firepower to its advisory team by appointing Eric Trump , a known crypto advocate, as the first member of its newly formed Strategic Board of Advisors. Trump’s inclusion, the company said, would accelerate its mission of driving Bitcoin adoption. The post Metaplanet Issues Zero-Interest Bonds Worth $13M to Acquire More Bitcoin appeared first on Cryptonews .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.