Metaplanet, a Tokyo-based Bitcoin$BTC holdings firm, is planning to issue $21.25 million in 0% Ordinary Bonds to purchase more Bitcoin. This move aims to further bolster their Bitcoin stash, which currently stands at 5,555 BTC, valued at approximately $575.91 million. The bonds will be redeemed in full at face value on November 7, 2025, without any interest. If the full amount is raised, Metaplanet could potentially acquire an additional 205 BTC, given the current Bitcoin price of $103,679 ¹.
*Key Details:*
- *Bond Issuance:* $21.25 million in 0% Ordinary Bonds
- *Purpose:* To purchase more Bitcoin for long-term holding
- *Current Holdings:* 5,555 BTC$BTC , valued at approximately $575.91 million
- *Target:* Holding 10,000 BTC$BTC by the end of 2025
- *Redemption Date:* November 7, 2025, without interest
Metaplanet's CEO, Simon Gerovich, believes that a "tidal wave" of corporate Bitcoin adoption is coming, and the company's strategy has already made it the top-performing publicly listed equity of 2024