Metaplanet Raises Planned Bitcoin Purchases to ¥33.42 Billion After Early Bond Redemption
Summary
- Metaplanet said it has increased the amount allocated for Bitcoin purchases to ¥33.4 billion.
- It fully repaid ¥8 billion of its 20th-series zero-interest ordinary bonds about six months ahead of schedule.
- Of the funds raised through the exercise of its 27th stock acquisition rights, ¥8 billion will be used for Bitcoin purchases, with deployment planned through April 2028.
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Metaplanet, the Japanese company dubbed the country's version of Strategy, has increased the amount allocated for Bitcoin purchases to ¥33.42 billion.
According to an industry report on Nov. 4, Metaplanet disclosed that it fully redeemed its 20th series of zero-interest ordinary bonds worth ¥8 billion on Nov. 2. The bonds were issued to EVO FUND and were originally due on April 23, 2027, but were repaid about six months ahead of schedule.
Metaplanet said it will use the ¥8 billion previously earmarked for bond repayment from proceeds raised through the exercise of its 27th stock acquisition rights to buy Bitcoin. That raises the amount allocated for Bitcoin purchases from ¥25.422 billion to ¥33.422 billion.
The company plans to deploy the Bitcoin purchase allocation from April 2026 through April 2028.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul