Metaplanet issued $50M in zero-interest bonds to expand its Bitcoin holdings, representing the firm's 16th series of ordinary bonds.
Each bond carries a face value of $1.25 million, is fully backed by Evo Fund, and will mature on November 27, 2025.
The capital raised will be used specifically to purchase more Bitcoin, aligning with Metaplanet's aggressive approach to BTC-backed corporate finance.
The issuance led to a 9.5% increase in Metaplanet shares' price, reflecting positive investor sentiment towards the company's Bitcoin-centric financial strategy.