Top Highlights
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Strategic Fundraising: Japan’s Metaplanet issued $21 million in interest-free bonds to accelerate its Bitcoin acquisition, adding to a previous $50 million raise, aiming to amass 10,000 BTC by the end of 2025.
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Unsecured Bonds: The zero-coupon bonds, with no guarantees per Japanese law, are issued at a face value of $525,000, with early redemption options for the Evo Fund, enhancing Metaplanet’s flexibility.
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Growing Bitcoin Holdings: Currently holding approximately 7,800 BTC valued at about $840 million, Metaplanet ranks 11th globally among corporate Bitcoin holders, with plans for continued strategic acquisitions.
- Corporate Bitcoin Trend: Concurrently, Norway’s K33 raised $6.22 million using interest-free loans to begin holding Bitcoin, reflecting a growing trend among companies integrating crypto into their balance sheets.
Metaplanet and K33 Strengthen Bitcoin Holdings with Strategic Moves
On May 29, Metaplanet, a Japan-based company, announced it has issued $21 million in interest-free bonds. This marks a significant step toward meeting its goal of acquiring 10,000 Bitcoin (BTC) by the end of 2025. Prior to this, the company successfully raised $50 million, showcasing its commitment to Bitcoin investment.
The bonds, part of the 17th series, will mature on November 28, 2025, with a face value of $525,000. By opting for interest-free bonds, Metaplanet can minimize financial costs associated with borrowing. Furthermore, investors can redeem the bonds early, providing flexibility for future funding rounds.
Currently, Metaplanet holds approximately 7,800 BTC, valued around $840 million. This positions the company as the 11th largest corporate holder of Bitcoin worldwide. Its average purchase price stands at $91,340 per BTC, reflecting a strategic investment approach.
Meanwhile, in Scandinavia, K33 is also increasing its Bitcoin footprint. On May 28, K33, an Oslo-based brokerage, revealed plans to hold Bitcoin on its balance sheet after raising 60 million SEK (about $6.22 million). The funding will go directly toward purchasing Bitcoin.
K33 secured the funds through interest-free convertible loans and share issuance. The company aims to acquire up to 57 BTC at current market prices. It plans to collaborate with other Nordic Bitcoin firms to develop Bitcoin-based services, which may include lending solutions.
The recent actions by Metaplanet and K33 highlight a growing trend among companies recognizing Bitcoin’s potential. Their initiatives not only showcase their commitment to the cryptocurrency but also indicate the broader acceptance and integration of digital currencies in corporate strategy.
As Bitcoin gains traction, these companies are leading the charge, leveraging the unique advantages that cryptocurrencies offer. Their efforts may pave the way for innovative technological developments and solutions in the financial sector.
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This content is for informational and entertainment purposes only and does not constitute financial or investment advice. Cryptocurrency is highly speculative and carries significant risk, including the potential loss of your entire investment. Do not make financial decisions based on this information. Consult a licensed financial advisor before investing. This site does not offer, sell, or advise on cryptocurrency, securities or other regulated financial products in compliance with SEC and applicable laws. Please do your own research and seek professional advise.
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