Metaplanet Invests $21 Million in Bitcoin Through Zero-Interest Bonds

Metaplanet announced on Thursday the issuance of a new series of bonds to EVO FUND, a Cayman Islands-based investment firm. The company issued $21 million in zero-interest bonds for the purchase of additional bitcoin, aiming to reach their 10,000 Bitcoin goal by the end of 2025. This move comes after Metaplanet raised capital through several bond issuances this year, totaling over $135 million. The bonds are redeemable and have flexible repayment terms. Metaplanet has strategically used debt to acquire bitcoin, generating significant profits from selling put options.