MetaPlanet Issues $15 Million Interest-Free Corporate Bonds to Fund Bitcoin Purchases
Listed Company MetaPlanet Co., Ltd. Announces Issuance of Unsecured Corporate Bonds
Listed company MetaPlanet Co., Ltd. (Tokyo Stock Exchange Standard Market, stock code: 3350) today announced that its board of directors has resolved to issue unsecured corporate bonds totaling $15 million to EVO FUND. The company stated that the funds raised will primarily be used to purchase Bitcoin, demonstrating its clear investment intention in the field of crypto assets.
Overview of the Issuance Conditions for the Zero-Interest Corporate Bonds
The bonds issued this time are zero-interest type, with a unit face value of $375,000. The issuance date is set for May 13, 2025, and the expected repayment date is November 12 of the same year. Although there is no interest attached, the bonds will be repaid in full at face value, meaning $1 will be repaid for every $1.
All bonds will be purchased by EVO FUND and will not be publicly offered to general investors. This issuance has not set any guarantors or collateral, nor has it appointed a bond manager.
Flexible Repayment Mechanism: Early Repayment Option Available
EVO FUND, as the creditor, may choose to repay early if necessary, provided that MetaPlanet is notified in writing one business day prior to the desired early repayment date. Additionally, the company has set conditions whereby if the rights to subscribe for the 15th and 16th new shares it issues are exercised and generate corresponding cash inflows, early repayment of the bonds may also occur proportionally.
Clear Purpose of Funds: Increased Investment in Bitcoin
According to the announcement made by the company on January 28, 2025, the funds raised will primarily be used to purchase Bitcoin. This issuance of corporate bonds is consistent with that announcement, reflecting the company’s long-term optimism and investment commitment in the crypto asset market.
The source of repayment funds is expected to be covered by the proceeds from the exercise of the rights to subscribe for the 15th and 16th new shares.
Minimal Impact on This Year’s Financial Report
MetaPlanet estimates that the issuance of these corporate bonds will have a “minor” impact on its consolidated financial performance for the period ending December 2025. Should there be any significant changes to performance in the future, the company indicated that it would promptly announce relevant information.
(MetaPlanet Again Makes Major Bitcoin Purchases: Holdings Exceed 6,700 Coins, Totaling Over 90.1 Billion Yen!)
Risk Warning
Investing in cryptocurrencies carries high risks, as their prices may fluctuate dramatically, and you may lose all principal. Please assess the risks carefully.
