Metaplanet Expands Bitcoin Purchase Plan to 33.422 Billion Yen After Early Bond Repayment
Summary
- Metaplanet said it increased the funds allocated for Bitcoin purchases to 33.422 billion yen.
- The company fully repaid the 8 billion yen in 20th-series zero-coupon ordinary bonds about six months ahead of schedule.
- Metaplanet said it will use 8 billion yen from proceeds raised through the exercise of its 27th stock acquisition rights for Bitcoin purchases, with the execution period running through April 2028.
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Metaplanet, the Japanese company dubbed the country's answer to Strategy, has increased the funds allocated for Bitcoin purchases to 33.422 billion yen.
According to an industry disclosure on Nov. 4, Metaplanet said it fully repaid the 8 billion yen in 20th-series zero-coupon ordinary bonds issued to EVO Fund on Nov. 2. The bonds were originally due on April 23, 2027, and were redeemed about six months ahead of schedule.
Metaplanet said it will redirect the 8 billion yen initially earmarked for bond repayment from proceeds raised through the exercise of its 27th stock acquisition rights into Bitcoin purchases. As a result, the amount allocated for Bitcoin buying increased from 25.422 billion yen to 33.422 billion yen.
The company plans to execute the Bitcoin purchase allocation from April this year through April 2028.
