Metaplanet repays over $13m in bonds early using warrant proceeds 6 seconds ago

cryptonews
04-08

Metaplanet Inc. has completed the early redemption and full repayment of its 9th Series of Ordinary Bonds. 

The repayment totals ¥2 billion ($13.5 million), the company announced on April 7. 

Originally set to mature in September 2025, the bonds were issued to EVO FUND on March 18 without interest. The company had previously redeemed ¥1.5 billion of the bonds on March 27, citing proceeds from the exercise of stock acquisition rights issued through third-party allotments. 

Metaplanet Inc., formerly known as Red Planet Japan, is a Japanese company that has pivoted to become a Bitcoin treasury firm. It focuses on accumulating and managing Bitcoin (BTC) as its core asset and is listed on the Tokyo Stock Exchange.

The remaining ¥500 million balance was settled on April 4, marking the full closure of the bond issuance. Metaplanet confirmed that funds for the redemption were sourced from EVO FUND’s payment during the exercise of the company’s 13th to 17th series of stock acquisition rights.

Since the bonds carried no interest, the company expects the financial impact on its 2025 results to be minimal.

Metaplanet’s Bitcoin buying

Metaplanet acquired 160 additional Bitcoin on April 2 at an average price of $80,063 per BTC. The purchase, worth approximately $13.39 million, brought the company’s total holdings to 4,206 BTC as part of its ongoing treasury strategy.

Metaplanet’s long-term objective is to hold 21,000 BTC by 2026. It wants to have over 10,000 BTC by the end of 2025, establishing itself as Asia’s largest corporate holder of Bitcoin.

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