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crypto.news 2025-05-28 11:44:08

Metaplanet breaks personal record with $50m bond issuance to buy more BTC

Metaplanet has issued its largest set of 0% ordinary bonds to the venture capital EVO FUND. The bonds are worth a combined value of $50 million. According to the company’s recent announcement , the Japanese investment firm has decided to issue the 16th series of ordinary bonds to the venture capital firm EVO FUND. With a combined total value of $50 million, this is the largest ordinary bond issuance made by the Tokyo-based company so far. Following the same pattern as previous bond issuances, the company declared that it would use the funds to purchase more Bitcoin ( BTC ). As of May 19, the investment firm holds 7,800 BTC which brings the company’s total Bitcoin investments to $846.9 million based on current market prices. Metaplanet chief executive Simon Gerovich had declared that the company aims to amass 10,000 BTC by the end of 2025. After its latest purchase of 1,004 BTC on May 19, Metaplanet has reached 78% of that target, making it one of the largest corporate Bitcoin holders in Asia. Price chart for Bitcoin over the past few days, May 28, 2025 | Source: crypto.news You might also like: Inspired by Saylor’s Strategy, TopWin shifts to digital assets by rebranding to ‘AsiaStrategy’ According to the notice, the bonds carry no interest and can be redeemed in full on Nov. 27 at $1.25 million per bond at face value. However, EVO FUND is granted the option to redeem the bonds before the redemption date by providing a written notice to Metaplanet at least five business day before the desired early redemption date. Early redemption can be made for all or part of the outstanding bonds. If Metaplanet decides to hold a separate fundraising initiative in the future involving EVO Fund then the amount of U.S. dollars paid by EVO FUND to Metaplanet could change depending on the fundraising result. If the funds raised on or after the issuance date reaches a multiple of $1.25 million, which is the face value of one bond, Metaplanet is allowed to redeem the same number of bonds by the multiplier at $1 per $1 of face value on the next trading day. You might also like: Metaplanet issues another set of 0% ordinary bonds to purchase more Bitcoin

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