Tokyo-based Metaplanet plans to issue a 12th series of ordinary bonds, selling them entirely to EVO FUND without interest, maturing on October 31, 2025. The proceeds are earmarked for Bitcoin acquisition, aligning with prior announcements about stock acquisition rights. They aim to reach 21,000 BTC by 2026, having recently added 145 BTC for $13.6 million, and have already accumulated over 5,000 BTC. The strategic bond issuance is a response to increasing institutional Bitcoin interest globally, as seen in similar moves by other companies.
The proceeds raised through this issuance will be allocated to the purchase of Bitcoin, aligning with plans disclosed in January regarding its series of stock acquisition rights.
Metaplanet has already accumulated over 5,000 BTC and recently added 145 Bitcoin for $13.6 million in mid-April, with ambitions to reach 21,000 BTC by 2026.
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