"The funds raised will be allocated to the purchase of Bitcoin, referencing its previously disclosed Bitcoin acquisition strategy from January 2025."
"The issuance of these bonds is expected to have a minimal impact on the Company's consolidated financial results for the fiscal year ending December 2025."
Metaplanet, a Tokyo-based public company, has announced its issuance of $21.25 million in zero-coupon bonds to fund further Bitcoin acquisitions. This marks their third bond issuance in just one week, following $50 million raised earlier. The funds will be directed towards their ongoing Bitcoin strategy, where they currently hold approximately 5,555 Bitcoin, valued at $570 million. Simon Gerovich, the Representative Director, is at the helm of this initiative, positioning the firm as a significant player in global Bitcoin holdings alongside major North American entities.
Read at Bitcoin Magazine
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