The Japanese investment company Metaplanet released $ 21 million in zero-interest bond at the Evo Fund, a firm based on the Cayman Islands, just one day after announcing a separate $ 50 million increase, further accelerating the approach to bitcoin accumulation.
The th -17 series of bonds, Issued On May 29, face value of $ 525,000 each and will be mature on November 28, 2025. Unlike traditional debt instruments, these bonds have no interest, allowing metaplanet to borrow without additional payment costs.
Under terms, the Evo Fund is entitled to early redemption by providing at least five business days notices. The bonds can be redeemed in full or in part, to many $ 525,000.
Metaplanet can also trigger redemption tied to the fundraising of the future fundraising involving the same investor, depending on the combined payment.
No collateral or guarantee attached to bonds, and no bond manager was assigned, as permitted under Japanese corporate law. The company has appointed the Tokyo office as a location for payment handling.
Related: Metaplanet has issued $ 50m to new debt to buy more Bitcoin
Metaplanet raised $ 135.2 million this year
Metaplanet continues to tap the debt market to fund Bitcoin (Btc) purchase, Increase $ 25.9 million in February, $ 13.3 million in March and $ 25 million earlier in May.
The company’s stated goal was to hold 10,000 BTC by the end of 2025. With the back-to-back of this week, the total capital raised this year reached $ 135.2 million.
Metaplanet holds about 7,800 btc, According to In bitcointreasuries.net, it is placed in number 11 of the largest holder of corporate bitcoin. With those who now cost about $ 840 million, the company’s average purchase price is $ 91,340 per Bitcoin.
In March, the firm added 696 BTC by a combination of exercised cash-secures to put the options and premiums obtained from the sale of contracts. This was followed by another purchase of 145 BTC for $ 13.6 million Before the end of April.
Related: Metaplanet’s Bitcoin ‘Premium’ is close to $ 600k per BTC
Metaplanet announces US subsidiary
On May 1, metaplanet announced Plans to launch a full hand -owner The US subsidiary, Metaplanet Treasury, based in Florida. The entity plans to raise up to $ 250 million to further the Bitcoin approach and to tap US capital markets.
The company is also attracting well -known numbers. Eric Trump, son of former US president Donald Trump, Join the company’s Strategic Advisory Board In March.
Notably, the approach to corporate bitcoin accumulation is gaining momentum. On May 28, Gamestop, the US video game and electronic consumer retailer, Bitcoin’s first investment was confirmedGetting 4,710 Bitcoin.
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