Metaplanet Issues $21M in Bonds a Day After $50M Bitcoin Raise
Metaplanet issued $21 million in zero-interest bonds to Evo Fund, following a $50 million raise, to support its Bitcoin acquisition strategy. The bonds, part of the 17th series, have a face value of $525,000 each and mature on November 28, 2025. Evo Fund can redeem the bonds early with five business days' notice, and Metaplanet may trigger redemptions based on future fundraising. No collateral is attached to the bonds, and payments will be handled at Metaplanet's Tokyo office. This year, Metaplanet has raised $135.2 million, aiming to hold 10,000 BTC by 2025. Currently, it holds approximately 7,800 BTC valued at around $840 million. Metaplanet plans to launch a US subsidiary, Metaplanet Treasury, to raise up to $250 million for its Bitcoin strategy. Eric Trump joined its Strategic Advisory Board in March. GameStop confirmed its first Bitcoin investment of 4,710 BTC on May 28.
