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Metaplanet Issues $21 Million In Bonds To Buy More Bitcoin

  • Metaplanet, a Japanese public company, announced the issuance of $21.25 million in zero-coupon bonds to buy more Bitcoin as part of its aggressive accumulation strategy.
  • This is the third bond issuance by Metaplanet in a week, with each bond having a face value of $625,000 and maturing on November 7, 2025, with no interest rate.
  • The funds raised through these bonds will be used solely for purchasing Bitcoin, with the company holding 5,555 Bitcoin valued at approximately $570 million.
  • Metaplanet's strategy is being led by Simon Gerovich, aiming to strengthen its Bitcoin position through strategic debt offerings amidst growing institutional demand for Bitcoin.

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