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Metaplanet Issues $210 Million Bond: Will Buy Bitcoin
Metaplanet, referred to as Japan's Strategy, issued a zero-interest bond worth $210 million to buy more Bitcoin.
The company's bond issuance announcement came after the board's decision to issue the 18th series of ordinary bonds for the Evo Fund. The bonds will mature on December 12, 2025, and there will be an early redemption option.
The company stated that the proceeds from the bond issuance will be used to purchase Bitcoin.
Metaplanet's CEO Simon Gerovich shared the latest bond issuance on X, conveying the message that the proceeds will be used for Bitcoin acquisition.
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