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Metaplanet Issues $30M Bonds to Boost Bitcoin Reserves
In a move aimed at bolstering its Bitcoin reserves, Tokyo-based firm Metaplanet has announced plans to issue $30 million worth of ordinary bonds. This strategic decision is expected to amplify the company’s ability to expand its exposure in the digital asset market.
The recent announcement from Metaplanet indicates that it will be issuing zero-interest-rate bonds, which provides a cost-effective approach to securing funds for further Bitcoin purchases. The corporation has until June 16, 2025, to execute this plan, allowing ample time to implement this new strategy.
Metaplanet’s choice of using ordinary bonds without interest serves as an acknowledgment of the company’s conviction in the cryptocurrency market. By opting for zero-interest-rate bonds, Metaplanet is able to minimize its short-term costs and allocate funds towards a long-term capital appreciation approach through Bitcoin investments.
The corporation has devised a clear repayment strategy for these bonds, which involves using the cash proceeds from exercising previously issued warrants. This plan underscores Metaplanet’s commitment to bolstering its Bitcoin reserves and increasing the company’s overall exposure in the cryptocurrency market.
Metaplanet’s decision to issue zero-interest-rate bonds is part of a broader approach aimed at shielding against potential economic risks. By diversifying into cryptocurrencies, specifically Bitcoin, the corporation seeks to hedge against Japan’s growing national debt and yen volatility.
It is worth noting that Metaplanet has been actively involved in bond offerings as a means of acquiring more Bitcoins. In November 2024, the firm conducted a one-year ordinary bond offering, which resulted in an influx of funds being allocated towards Bitcoin purchases.
Source: cryptotale.org
