Metaplanet Secures $13.4M in Zero-Interest Bonds to Expand Bitcoin Holdings
Japanese investment firm Metaplanet has raised 2 billion yen ($13.4 million) through zero-interest bonds backed by stock acquisition rights, with funds allocated to purchasing additional Bitcoin (BTC).
In a statement to shareholders, the Tokyo-based company confirmed the issuance of the bonds, with Evo Fund once again acting as the sole bondholder. The proceeds were used to acquire 150 BTC, valued at approximately $12.5 million. The bonds are set for full redemption on September 17.
This latest issuance is part of Metaplanet’s ongoing strategy to expand its Bitcoin reserves, leveraging lower BTC prices amid a recent market pullback. The leading cryptocurrency is currently trading at around $83,300, down 24% from its all-time high in January.
Just last week, Metaplanet acquired 162 BTC for $13.5 million at an average price of $83,123 per coin.
With this latest purchase, Metaplanet now holds a total of 3,200 BTC, worth approximately $265 million, making it the 10th-largest public company in terms of Bitcoin holdings, according to data from BitcoinTreasuries.net.
