Metaplanet’s Bold Move: $13.6 Million Bonds for Bitcoin Bonanza!

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Ah, behold the grand spectacle of Japan’s illustrious investment firm, Metaplanet! With a flourish befitting a magician pulling rabbits from hats, they have conjured up a staggering $13.6 million in 0% ordinary bonds, all in the name of acquiring more Bitcoin. Yes, dear reader, you heard it right—zero percent interest! What a delightful way to entice investors! 🎩✨

In a twist worthy of a Dostoevskian plot, this Tokyo-listed marvel is issuing a whopping 2 billion JPY (approximately $13.6 million) in bonds to the enigmatic EVO FUND. The funds, as if by some divine decree, are destined for the purchase of additional Bitcoin (BTC), as part of Metaplanet’s relentless quest to hoard digital treasures like a dragon guarding its gold. 🐉💰

In a regulatory filing dated February 27, Metaplanet revealed that these bonds, devoid of interest, will be redeemed at their face value on the fateful day of August 26. But wait! The bondholder, the illustrious EVO FUND, has the audacity to request early redemption at any time. How very generous! One can only imagine the bureaucratic ballet required to make such a request—at least one business day in advance, of course! 🕺📅

Now, where will the funds for this grand redemption come from, you ask? Ah, from the proceeds of the 13th to 17th Series of Stock Acquisition Rights, which Metaplanet hopes to exercise with the fervor of a child at a candy store. Should these exercises yield a bountiful harvest of 50 million JPY, a portion of the bonds may be redeemed early. What a tantalizing prospect! 🍬💸

Alas, the bond issuance is fully allocated to EVO FUND, with no guarantees or collateral to sweeten the deal. A risky endeavor, indeed! And yet, despite this audacious announcement, Metaplanet’s shares have plummeted nearly 25%, as if they were lead balloons, amidst a week-long decline in crypto prices. Oh, the irony! 📉😂

Just two days prior to this announcement, Metaplanet had the audacity to add 135 BTC to its treasury, solidifying its status as one of Japan’s most fervent corporate Bitcoin investors. Like a modern-day Midas, everything they touch turns to digital gold! 🪙✨

In a curious parallel, we find Strategy—formerly known as MicroStrategy—holding the title of the biggest corporate Bitcoin treasury. Metaplanet, in its relentless pursuit, has been gradually increasing its holdings since the inception of its Bitcoin Treasury Operations. As reported by crypto.news, the firm’s BTC Yield, a measure of Bitcoin held per share, soared by an astonishing 309.8% in Q4 2024. Yet, as the tides of fortune would have it, this growth has slowed to a mere 23.2% in early 2025, as Metaplanet has increased the number of its shares. Such is the capricious nature of the market! 🎢📊

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2025-02-27 12:52