On December 20, Metaplanet – dubbed MicroStrategy Asia – announced that it will issue its fifth zero-coupon common bond with a total value of 5 billion yen, equivalent to 33 million USD.
The funds raised will be used to accelerate the purchase of Bitcoin , and the bond matures on June 16, 2025. The company plans to secure the repayment of the bond through proceeds from the exercise of the 12th tranche of stock options.
It is known that before that, this company also issued a similar bond worth 4.5 billion yen, nearly 30 million USD, to continue buying Bitcoin. Currently, Metaplanet is holding 1,142,287 BTC , with an Medium purchase price of about 9,955,874 yen per Bitcoin (equivalent to 65,664 USD ), and the total amount spent is up to 11,372 billion yen (equivalent to 74,431 million USD ).
The continuous move to issue bonds to buy Bitcoin shows the project's optimism for this cryptocurrency, if the two bond issuances are sold out, the value of Bitcoin MetaPlanet holds will reach 140 million USD.
