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Metaplanet and K33 Deepen Bitcoin (BTC) Exposure With Strategic Initiatives

  • Metaplanet issued $21 million in interest-free bonds to the Evo Fund to accelerate its Bitcoin acquisition goals. The bonds, with a $525,000 face value, do not bear interest and are set to mature in 2025.
  • Metaplanet aims to amass 10,000 BTC by 2025 and has raised $135.2 million year-to-date through various fundraising rounds. The company currently holds around 7,800 BTC.
  • On the other hand, Scandinavian company K33 raised 60 million SEK ($6.22 million) and plans to hold Bitcoin on its balance sheet. The funds will be used to acquire up to 57 BTC, with a focus on Bitcoin-based services like collateralized lending.
  • K33 secured funds through interest-free convertible loans and share issuances. The firm is collaborating with other Nordic Bitcoin treasury companies to leverage its holdings for creating innovative services.

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