Metaplanet issues $21M in bonds to buy Bitcoin, a day after $50M raise

Japanese investment firm Metaplanet has issued $21 million in zero-interest bonds to Evo Fund, a Cayman Islands-based investment firm, just a day after announcing a separate $50 million raise, further accelerating its aggressive Bitcoin accumulation strategy. The 17th series of bonds, issued on May 29, comes with a face value of $525,000 each and will mature on Nov. 28, 2025. Unlike traditional debt instruments, these bonds yield no interest, allowing Metaplanet to borrow without additional repayment costs source: https://cointelegraph.com/news/metaplanet-issues-21m-bonds-after-50m-bitcoin-raise?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound