Metaplanet Raises $25M in Bonds to Expand Bitcoin Holdings
Metaplanet (3350), the Tokyo-based hotel company, has issued 3.6 billion yen (around $24.8 million) in bonds to further boost its Bitcoin (BTC) portfolio, now exceeding 5,000 BTC.
The bonds, which were fully purchased by EVO FUND, are interest-free and set to mature at par value on October 31, 2025. Early redemption can be requested by the bondholder.
Proceeds from the bond issuance will be used exclusively for additional Bitcoin acquisitions, aligning with the company’s previously outlined strategy that includes the issuance of stock acquisition rights.
Metaplanet plans to fund the bond repayment through capital raised via these stock rights, meaning repayment will depend on investor interest in its equity-linked offerings. Should the raised capital surpass certain targets, the company may opt for early repayment of the bonds.
Shares of Metaplanet closed at 428 yen, marking an 8.6% increase in the latest trading session.
