Tokyo-based Metaplanet (3350) has issued 3.6 billion yen (around $24.8 million) in bonds to fund additional purchases of bitcoin (BTC) after the Japanese hotel firm’s holdings surpassed 5,000 BTC.
According to a notice from the company, the newly issued bonds were sold entirely to EVO FUND. The bonds carry no interest and will be redeemed at par value on October 31, 2025, unless repaid earlier at the bondholder’s request.
The funds are earmarked specifically for BTC acquisition, in line with the plan disclosed earlier this year when Metaplanet detailed a series of stock acquisition rights.
The company expects to fund the bond’s redemption through capital raised via the exercise of its stock acquisition rights, meaning the ultimate payback may rely on investor appetite for Metaplanet’s equity-linked instruments.
If proceeds from those rights exceed certain thresholds, Metaplanet reserves the right to repay portions of the bond early. Metaplanet shares closed at 428 yen each, up 8.6% in the last trading session.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Miners must redirect their hashrate before the July 31 cutoff, as the pool will stop…
The Nasdaq-listed Korean media company once lined up $1 billion in financing to buy 10,000…
The bank said Strategy's bitcoin sales policy adds avoidable market uncertainty and should be replaced…
Bitcoin Magazine Metaplanet Adds 2,823 Bitcoin, Reaches 43,000 BTC and Becomes World’s Third-Largest Corporate Treasury…
Bitcoin and major cryptocurrencies rebounded on dovish Federal Reserve signals, with speculative tokens like Memecore’s…
Your day-ahead look for July 2, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]