Metaplanet Inc. issues USD 50m in bonds for Bitcoin buy

Metaplanet Inc. (TSE: 3350) has announced the issuance of its 16th series of ordinary bonds, totaling USD 50,000,000, to EVO FUND. The company stated that the funds raised will be used to purchase Bitcoin. The bonds, with a face value of USD 1,250,000 each, bear no interest and are scheduled for redemption on November 27, 2025, at USD 1 per USD 1 of face value. The bondholder retains the option for early redemption, subject to specific conditions. Metaplanet anticipates a minimal impact on the consolidated financial results for the fiscal year ending December 2025 from this issuance. The entire bond issuance will be allocated to EVO FUND.