The company announced this in a December 20 post on X, adding that the repayment will be made from exercising its 12th series stock acquisition rights., Metaplanet CEO Simon Gerovich said the money accrued from the offering will be used to push forward the buying of BTC initially planned for 2025 to before the end of 2024.The bond issuance consists of ¥5 billion in total, divided into units of ¥250 million each.
The entire security will be allocated to EVO FUND, a private investment entity, and will be subject to redemption provisions. Further, the bonds can be redeemed early if EVO FUND gives written notice at least one business day in advance or if funds from the exercise of the Tokyo-listed firm’s 12th series stock acquisition rights reach a specified threshold.on December 17, 2024, of a separate ¥4.5 billion bond issuance that will also mature on June 16, 2025.
According to BitcoinTreasuries data, as of December 20, 2024, the outfit holds 1,142 BTC, valued at approximately $109.6 million. Its stock has also seen remarkable growth, with shares trading at ¥3,575, reflecting a 58.05% increase in the past month and a 2,134.38% rise year-to-date, based onWhat Is Sui Network : The Ultimate Guide in 2024One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted.
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