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.
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.
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