In a splendid display of financial audacity, Japan’s illustrious Metaplanet Inc. has chosen to wave its magic wand, conjuring a handsome $13.3 million in zero-interest bonds! Such daring escapades are destined to surge its bitcoin holdings to dizzying heights.
Metaplanet’s Bold Encounter with Bitcoin Ballet
In the grand theatre of capital, Japan’s very own bitcoin treasury company, Metaplanet Inc. (let’s just call it the glittering jewel of the Tokyo Stock Exchange), has unveiled its tenth act: a mesmerizing issuance of ordinary bonds, as sanctioned by the gods of its board on this fine day, March 31.
This latest spectacle, a dazzling total of 2 billion yen (or a mere $13.3 million for the uninitiated), will find its eager patrons in EVO FUND—an investment outfit that, like a knight in shining armor, focuses on structured finances while riding the blockchain wave. Metaplanet’s proclamation is nothing short of bravado:
The funds raised through this issuance will be allocated for the purchase of bitcoin. Cue the dramatic music!
Rewinding the reel to Jan. 28, Metaplanet had previously orchestrated a grand plan to utilize capital accrued through stock acquisition rights to amplify its digital treasure trove. With unrepentant glee, the company shared its acquisition of 150 bitcoins on March 23, bringing its grand total to 3,350 bitcoins! Who needs gold when you can indulge in digital currency?
Allow me to regale you with the conditions of this enchanting issuance: zero interest and an assurance of full repayment! Each bond, dressed in the fine garb of 50 million yen denomination, is set for redemption on the illustrious date of Sept. 30. Should the fabled EVO FUND desire early salvation, a mere day’s notice will suffice. However, if the playful whims of capital raised from the 14th through 17th Series of Stock Acquisition Rights flirt with the bond’s face value, a delightful early retirement of portions of the bonds may ensue. Quite the show, I daresay!
Let’s not dwell on the trifling matters of collateral or guarantees; Metaplanet is like a free spirit, unencumbered by such mortal concerns! Payments will be the direct concern of Metaplanet’s Tokyo office—fiscally irresponsible bliss, if I may say so! The company, ever the pragmatist, assured us that this dazzling bond issuance would have a minimal impact on its fiscal results for, wait for it, the year ending December 2025. Oh, the optimism!
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2025-04-01 06:00