Metaplanet to Raise $11.3M Through Bonds to Fund Bitcoin Acquisition
18.11.2024
The bonds offer a 0.36% annual interest rate and are redeemable in Nov. 2025.
Japanese investment firm Metaplanet announced it is issuing a third series of ordinary bonds to raise ¥1.75 billion ($11.3 million) to fund Bitcoin purchases. The bonds offer a 0.36% annual interest rate and are set for redemption in November 2025.
While the bonds are not directly collateralized, they are secured through a first-priority mortgage on Hotel Royal Oak Gotanda, owned by Metaplanet’s subsidiary, Wen Tokyo. The company expects minimal impact on its 2024 financial results.
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