Metaplanet will issue approximately 30 million US dollars in zero-interest bonds, the funds raised will be used to purchase Bitcoin
The Japanese listed company Metaplanet has announced the issuance of its fourth series of ordinary bonds, totaling 4.5 billion yen (approximately 30 million US dollars). The funds raised will be used to accelerate the purchase of Bitcoin. These bonds have a zero interest rate and will mature on June 16, 2025. The redemption funds mainly come from the proceeds of the exercise of stock warrants previously issued.
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