Japan’s Metaplanet Raises Capital via Bonds as It Targets 10,000 BTC in 2025

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Metaplanet’s Bitcoin Bonanza: The Race to 10,000 BTC! 🚀💰

  • Metaplanet has issued $21M in zero-interest bonds to expand its Bitcoin holdings
  • Firm now holds more BTC than El Salvador, nearing its 10,000 BTC target.

Ah, the audacity of Metaplanet! This Japanese investment firm, with dreams as vast as the ocean, has taken yet another daring leap into the Bitcoin abyss. 🐋

Metaplanet’s New Bitcoin Plan

On the fateful day of 29 May, the company unveiled its masterstroke: issuing zero-interest bonds worth a staggering $21 million to EVO FUND, a mysterious investment entity lurking in the Cayman Islands. 🏝️

This bold maneuver aligns perfectly with Metaplanet’s grand ambition to become one of the titans of Bitcoin ownership. Who needs interest when you can have dreams, right?

According to the issuance notice, the firm may redeem bonds at face value, depending on EVO FUND’s future contributions. It’s like a game of poker, but with digital chips instead of cards! 🎲

For those blissfully unaware, Metaplanet’s bond issuance is akin to a short-term, interest-free loan, with repayment due by 28 November. A delightful arrangement, indeed!

This clever structure allows the company to access capital without the pesky burden of interest costs. Who knew finance could be so… liberating?

How is EVO FUND Beneficial?

Now, let’s talk about EVO FUND. This entity can exercise the right to early redemption with just five business days’ notice, redeeming bonds in full or in $525,000 increments. Talk about flexibility! 🕺

Additionally, Metaplanet may also initiate bond redemptions based on future fundraising activity with EVO FUND, depending on the total capital raised. It’s like a dance, where both partners must keep in step!

As per the latest updates, the bonds carry no collateral or guarantees. And, in a twist of irony, Metaplanet has not appointed a bond administrator, following the whims of Japanese corporate regulations. What a delightful mess!

For perspective, Metaplanet’s Tokyo office will be managing all payment processes. Because who doesn’t love a good challenge?

Metaplanet’s Bitcoin Holdings

With this audacious step, Metaplanet aims to hoard 10,000 BTC by the end of 2025. And guess what? Their recent fundraising efforts are bringing them closer to that glittering goal! 💎

Currently, Metaplanet owns approximately 7,800 BTC, ranking it 11th among the largest corporate Bitcoin holders worldwide, as reported by BitcoinTreasuries.NET. Their current stash is valued at nearly $840 million, with an average acquisition cost of $91,340 per BTC. Quite the investment, wouldn’t you say?

Metaplanet Surpasses El Salvador’s Bitcoin Holdings

In a twist of fate, Metaplanet has now surpassed El Salvador’s Bitcoin holdings, which are currently valued at around $642 million, according to Bitcoin Office data. Who knew the little engine that could would outpace the tortoise? 🐢💨

It’s worth noting that El Salvador began its Bitcoin journey in 2021. However, Metaplanet, the newcomer, entered the fray just last year, making its rapid growth all the more astonishing. Talk about a plot twist!

This paints a vivid picture of how the Japanese firm, affectionately dubbed “Asia’s MicroStrategy,” has eagerly adopted the Bitcoin-focused strategy pioneered by Michael Saylor. It’s a tale of ambition, strategy, and a sprinkle of luck!

As Metaplanet scales its crypto reserves, it solidifies its position as a serious contender in the corporate Bitcoin race. Buckle up, folks; this ride is just getting started! 🎢

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2025-05-30 10:22