The Tokyo-based company said in a regulatory filing that the 12th series of ordinary bonds will be sold entirely to EVO FUND, carrying no interest and maturing on October 31, 2025. The bonds will be issued at 90 million yen per unit and redeemed at face value, according to the company notice.

“The proceeds raised through this issuance will be allocated to the purchase of Bitcoin,” Metaplanet stated in the filing, noting the funding aligns with plans disclosed in January regarding its series of stock acquisition rights.

The company expects to fund the bonds’ redemption through capital raised from the exercise of its 15th to 17th series of stock acquisition rights. The bondholder…

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