PANews December 20 news, Japanese listed company Metaplanet Inc. announced that it will issue 5 billion yen of the fifth series of ordinary bonds through a private placement, and the funds will be used to purchase Bitcoin. The repayment of these funds is expected to be completed through the proceeds from the exercise of stock acquisition rights of the 12th series. The bonds will not pay interest and are scheduled to mature on June 16, 2025, with holders able to redeem part or all of the bonds early. The company stated that this issuance will have a limited impact on financial performance for the year ending December 31, 2024.
