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News Explorer — Japanese Firm Metaplanet Issues $25M in Bonds to Expand Bitcoin Holdings

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May 2, 9:10 am
Coindesk

Japanese Firm Metaplanet Issues $25M in Bonds to Expand Bitcoin Holdings

Japanese firm Metaplanet has issued $24.8 million (3.6 billion yen) in bonds to buy more Bitcoin for its corporate treasury, with EVO FUND as the sole buyer. The bonds have no interest and will mature in 2025, funded by stock acquisition rights. The company may repay the bonds early if stock rights proceeds surpass certain levels.

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