Metaplanet said it used its own funds on Nov. 2 to fully redeem its 20th series of ordinary bonds issued to EVO FUND ahead of schedule. The principal amount was ¥8 billion, or about $50.64 million. The bond carried no interest and had originally been set to mature on April 23, 2027. After completing the early redemption, the Japanese Bitcoin treasury company said it would reallocate roughly ¥8 billion from the proceeds of its 27th series of stock acquisition rights, funds that had previously been earmarked for bond repayment, back to Bitcoin purchases. Following the change, the amount from that fundraising round designated for Bitcoin buying increased from about ¥25.422 billion, or roughly $161 million, to about ¥33.422 billion, or roughly $212 million. Another ¥3.714 billion, or about $23.51 million, remains allocated to its Bitcoin income business.
Japanese Bitcoin treasury company Metaplanet said in a post on X that it used its own funds on Nov. 2 to fully redeem, ahead of schedule, the 20th series of ordinary bonds it had issued to EVO FUND. The principal amount was ¥8 billion, or about $50.64 million.
The bond carried no interest and had originally been due on April 23, 2027.
Funds previously set aside for repayment will now go to Bitcoin
With the bond now fully redeemed early, Metaplanet said it has decided to redirect roughly ¥8 billion, or about $50.64 million, from the proceeds of its 27th series of stock acquisition rights. That amount had originally been designated for bond repayment and will now be used to purchase Bitcoin.
After the revision, the amount from that fundraising round allocated to Bitcoin purchases rose from about ¥25.422 billion, or roughly $161 million, to about ¥33.422 billion, or roughly $212 million.
Another ¥3.714 billion, or about $23.51 million, is allocated to the company’s Bitcoin income business.
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