Share this article
Metaplanet Seeks to Raise Over $13M From Bond Sale to Buy More Bitcoin
Metaplanet raises 2 billion yen in zero-interest bonds to expand bitcoin holdings.
Updated Feb 27, 2025, 2:42 p.m. Published Feb 27, 2025, 8:51 a.m.
Make us preferred on Google
What to know:
- Metaplanet is raising 2 billion yen ($13.3 million) selling 0% interest bonds to buy more bitcoin, reinforcing its investment strategy.
- The bond issuance is exclusively allocated to Evo Fund, with redemption set for Aug. 26, backed by stock acquisition rights proceeds.
Metaplanet Inc (3350) is seeking to raise another 2 billion Yen ($13.3 million) by selling additional ordinary bonds with a 0% interest.
The funds will be used to buy more bitcoin , aligning with the company's strategic investment plan.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The bond issuance is exclusively allocated to Evo Fund, with redemption scheduled for Aug. 26.
The redemption is backed by proceeds from the company’s stock acquisition rights. Metaplanet’s latest move underscores its commitment to bitcoin as a reserve asset, further strengthening its financial strategy.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
UPDATE (Feb. 27, 14:34 UTC): Adds bullet points
More For You
Bitcoin shrugs off Trump's new tariffs, nears $68,000 as altcoins lead modest bounce
Crypto prices edged higher on Friday despite a splash of tariff turbulence after the U.S. Supreme Court ruled Trump's levies illegal.
What to know:
- Bitcoin climbed toward $68,000 on Friday despite a fresh 10% global levy from Trump after the Supreme Court's pushback.
- The CoinDesk 20 Index rose 2.5%, with BNB, DOGE, ADA and SOL leading gains.
- One trader said that prices will likely stuck rangebound barring any macro shocks.
Top Stories
