Metaplanet Launches ¥2 Billion Zero-Interest Bond to Fund Bitcoin Purchases

Description

Metaplanet Inc. announced on March 18 that it had issued ¥2 billion ($13.3 million) in zero-interest ordinary bonds to finance further Bitcoin acquisitions. The development is part of the company’s broader strategy to expand its holdings of the number one cryptocurrency. Details From the Bond Issuance According to the announcement , the 9th series of ordinary bonds, allocated entirely to EVO FUND, carries a face value of ¥50 million per bond. The instruments bear no interest and will be redeemed...