"The issuance marks the firm's 20th series of ordinary bonds and will mature in April 2027. The bonds are unsecured and carry no interest, giving the company access to capital without added debt servicing costs."
"At current Bitcoin prices near $78,000, the raise could allow Metaplanet to acquire between 640 and 700 BTC. The company holds 40,177 BTC, valued at about $3.1 billion, making it the largest corporate Bitcoin holder in Japan."
"Metaplanet has set a target of 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. The latest raise follows a first quarter in which the firm added 5,075 BTC and reported a BTC Yield of 2.8%."
Metaplanet plans to issue ¥8 billion in zero-interest bonds to finance additional Bitcoin purchases, marking its 20th bond series. The unsecured bonds will mature in April 2027, allowing the company to access capital without debt servicing costs. Proceeds will enable the acquisition of approximately 640 to 700 BTC, increasing its total holdings to 40,177 BTC. Metaplanet aims to reach 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027, following a significant net loss in fiscal year 2025 due to Bitcoin price declines.
Read at Bitcoin Magazine
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