Metaplanet, a popular Japanese company dedicated to accumulating Bitcoin, has completed its latest move to raise capital for further acquisitions.
In one release On December 20, Metaplanet announced that it had used a debt instrument to purchase more Bitcoin. It announced that it has raised 5 billion yen ($32 million) through a bond offering to expand its holdings of the flagship cryptocurrency.
According to the announcement, the latest offering is the fifth ordinary bond offering. The Japanese company said it had offered the financial instrument EVO FUNDS, which expressed interest after announcing that it intends to raise an additional 5 billion yen in its just-completed fourth ordinary bond offering.
Metaplanet takes out interest-free loans for Bitcoin purchases
Meanwhile, Japanese company MicroStrategy announced that the $32 million raised today has no interest rate. This means it will not share any retaliation from its Bitcoin purchase or pay APYs to EVO FUNDS.
In addition, the loan repayment is due in six months, June 2025 to be precise. Metaplanet noted that EVO FUNDS will redeem the bond in full at 100 yen per 100 yen principal amount for each bond.
According to the disclosure, the value of each bond is 250 million yen. Therefore, the Company will make the repayment at the rate on the due date or with a written request indicating its intention to make early repayment.
Metaplanet’s Bitcoin game delivers results
Since launching Bitcoin as a strategic reserve in May Metaplanet has continually stacked the digital asset. Notably, the company raised $61 million through bond sales this week alone to buy more Bitcoin.
The strategy is now fully reflected MicroStrategys Playbook. The largest listed…
