What to know:
- In a move that could make even the most stoic banker chuckle, Japan’s Metaplanet has issued a staggering 2 billion yen ($13.4 million) in zero-interest bonds, all in the name of acquiring more bitcoin (BTC). And guess who’s holding the bag? None other than the Evo fund, the sole bondholder, probably grinning like a Cheshire cat! 😸
- Recently, the company managed to snag 162 BTC for a cool $13.5 million, boosting its total stash to a jaw-dropping 3,050 BTC, valued at a princely $253.7 million. This makes them the tenth-largest public entity holding BTC, which is quite the feather in their cap! 🎩
In a delightful twist of fate, Japan’s Metaplanet has once again decided to issue more zero-interest bonds, as if they were handing out candy at a fair, all in a bid to acquire more of that elusive bitcoin (BTC).
Today, the company sent a rather cheeky notice to shareholders, announcing the issuance of 2 billion yen ($13.4 million) in zero-interest ordinary bonds for the sole purpose of buying BTC. And yes, you guessed it, the Evo fund is back in the saddle as the sole bondholder. Talk about a one-horse race! 🐴
*Metaplanet Issues 2 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC*
— Metaplanet Inc. (@Metaplanet_JP) March 18, 2025
These bonds, bless their little hearts, carry no interest and will be redeemed in full on the 17th of September. Mark your calendars, folks! 📅
Issuing bonds seems to be a regular pastime for this listed company, as Metaplanet continues to bolster its bitcoin reserves, taking full advantage of the recent price correction. It’s like shopping during a sale, but for digital currency! 🛒
Just last week, the company announced it had acquired 162 BTC for $13.5 million, at an average price of $83,123 per bitcoin. Quite the bargain, if you ask me! 💸
With all these recent acquisitions, Metaplanet now boasts a whopping 3,200 BTC, worth a staggering $265 million. This makes them the tenth-largest BTC-holding public entity, according to bitcointreasuries.net. Who knew bonds could be so entertaining? 🎉
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2025-03-18 11:08