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Tokyo-listed Metaplanet has announced a new $50 million bond issuance to strengthen its Bitcoin acquisition strategy. The company continues to aggressively expand its digital asset holdings using zero-interest bonds exclusively subscribed by Cayman Islands-based EVO FUND. This latest 16th series brings total bond proceeds to nearly $100 million.
Each bond is valued at $1.25 million and will be fully redeemed at par. Funds raised from the issuance will be used solely to purchase Bitcoin as part of Metaplanet’s treasury diversification plan. The company stated the move will have limited short-term financial impact but future updates will be provided if major changes occur.
Despite rising short interest and questions over its valuation Metaplanet is pressing ahead with expansion. A Florida-based subsidiary was recently launched to enhance institutional access to Bitcoin in the US. CEO Simon Gerovich confirmed plans for up to $250 million in capital to further scale operations and deepen its crypto strategy.
