Metaplenet (3350), based in Tokyo, has issued 3.6 billion yen (around $ 24.8 million) in bonds to finance additional purchases of Bitcoin (BTC) after the holdings of the Japanese hotel company exceeded 5,000 BTC.
According to a company notice, freshly issued bonds were completely sold to the Evo fund. The bonds have no interest and will be redeemed at the value for October 31, 2025, unless you are previously paid at the request of the bond hold.
The funds are intended specifically for the acquisition of BTC, in line with the plan released earlier this year when Metaplanet detailed a series of actions to acquire shares.
The company expects to finance the redemption of the bonus through the capital collected through the exercise of its rights acquisition rights, which means that the final recovery may depend on the appetite of investors by the instruments linked to Metaplanet shares.
If the income of those rights exceeds certain thresholds, Metaplanet reserves the right to pay the part of the early bonus. Metaplenet shares closed at 428 yen each, 8.6% more in the last negotiation session.
