Metaplanet, a popular Japanese firm committed to accruing #Bitcoin , has concluded its latest move to raise capital for more acquisitions.

In a release on December 20, Metaplanet announced it has leveraged a debt instrument to buy more Bitcoin. It disclosed raising 5 billion yen ($32 million) through a bond offering to expand its holdings of the flagship cryptocurrency.

Per the announcement, the latest offering is its 5th ordinary bond issuance. The Japanese firm noted that it offered the financial instrument to EVO FUNDS, who indicated interest following an announcement that it intends to raise another 5 billion yen in its just-concluded 4th ordinary bond issuance.

Metaplanet Raises Zero-Interest Loan for Bitcoin Purchase

Meanwhile, the Japanese MicroStrategy disclosed that the $32 million raised today carries no interest rate. This means it will not share retributions from its Bitcoin purchase or pay APYs to EVO FUNDS.

Furthermore, the loan repayment is due in six months, specifically June 2025. Metaplanet noted that EVO FUNDS will redeem the bond in full at 100 yen per 100 yen principal amount for each bond.

According to the disclosure, the value of each bond is 250 million yen. Hence, the firm will redeem at the rate on the due date or with a written request stating its intention for early recompense.