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By James Van Straten, CoinDesk Bot|Edited by Parikshit Mishra
Updated Feb 27, 2025, 2:42 p.m. UTCPublished Feb 27, 2025, 8:51 a.m. UTC
What to know:
- Metaplanet is raising 2 billion yen ($13.3 million) selling 0% interest bonds to buy more bitcoin, reinforcing its investment strategy.
- The bond issuance is exclusively allocated to Evo Fund, with redemption set for Aug. 26, backed by stock acquisition rights proceeds.
Metaplanet Inc (3350) is seeking to raise another 2 billion Yen ($13.3 million) by selling additional ordinary bonds with a 0% interest.
The funds will be used to buy more bitcoin (BTC), aligning with the company’s strategic investment plan.
STORY CONTINUES BELOW
The bond issuance is exclusively allocated to Evo Fund, with redemption scheduled for Aug. 26.
The redemption is backed by proceeds from the company’s stock acquisition rights. Metaplanet’s latest move underscores its commitment to bitcoin as a reserve asset, further strengthening its financial strategy.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
UPDATE (Feb. 27, 14:34 UTC): Adds bullet points
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
“CoinDesk Bot” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy here.
