The company, which is based in Tokyo, said in an organizational file that the twelfth series of regular bonds will be sold entirely to the Evo Fund, which does not bear any benefit and mature on October 31, 2025.
“The revenues that have been raised through this version will be allocated to buy Bitcoin,” said Metaplanet at the deposit, noting that funding is in line with the plans that were revealed in January regarding the shareholder rights series.
The company expects to finance bond recovery through the capital that was raised from the practice of the 15th to 17 series of shares rights. The bond holder can seek early redemption by submitting a written notice at least one working day before the required recovery date.
Metaplanet has already accumulated more than 5000 BTC and recently added 145 bitcoin for $ 13.6 million in mid -April. The latest version of the bond supports the ambitious goal of reaching 21000 BTC by 2026.
This bond version is another strategic step in the Bitcoin Getting Program. The company recently strengthened Bitcoin by adding the CEO of BTC Inc. David Billy to her advisory council.
If the revenue exceeds the rights to obtain the shares some thresholds, Metaplanet maintains the option to start paying the early bonds to increase 90 million yen. The shares of the company closed by 8.6 % in 428 yen in the trading session on Thursday.
This step comes amid the increasing Bitcoin adoption in Japan and the world. Bitcoin is currently trading from $ 97,000, as companies like Semler Scientific also expand their holdings recently by purchasing $ 15.7 million from 165 BTC. At the time of the press, metaplanet did not reveal whether any of the new bond revenue has been used to acquire additional Bitcoin.
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