Metaplanet Inc. has announced plans to issue ¥5 billion (about $31.9 million) worth of regular bonds to accelerate its Bitcoin purchases.

- According to CEO Simon Gerovich, the amount will help accelerate the plan to buy BTC from 2025 to before the end of 2024.

- The zero-coupon bond will be issued on December 20, 2024, and mature on June 16, 2025.

- The entire bond will be allocated to EVO FUND and can be redeemed early under certain conditions.

Metaplanet has been increasing its Bitcoin holdings, now owning 1,142 BTC, worth about $109.6 million. The company also established a new Bitcoin treasury management division, focusing on buying, holding, and managing the cryptocurrency. 🚀