On December 17, Japanese listed company Metaplanet Inc. announced the issuance of a fourth series of ordinary bonds totaling 4.5 billion yen (approximately US$30 million), with the funds raised being used to accelerate the purchase of Bitcoin. The bond has a zero interest rate and will mature on June 16, 2025.
The redemption funds will primarily come from the exercise proceeds of previously issued warrants. The company also intends to raise up to 5 billion yen through multiple private placement bond issuances to expand the scale of its capital operations.
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