Japan’s Metaplanet has released additional zero-interest bonds as the publicly traded company aims to acquire more bitcoin (BTC).
In a notice to shareholders today, the company announced the issuance of 2 billion yen ($13.4 million) in zero-interest ordinary bonds specifically for purchasing BTC, with the Evo fund serving once again as the sole bondholder.
These bonds bear no interest and are scheduled for full redemption on September 17.
Issuing these bonds has become a routine practice for the company as Metaplanet seeks to bolster its bitcoin reserves, capitalizing on the lower prices resulting from BTC’s recent market correction.
Last week, the firm disclosed it had acquired 162 BTC for $13.5 million at an average price of $83,123 per bitcoin.
Following its recent acquisitions, Metaplanet now holds a total of 3,200 BTC, valued at $265 million, positioning it as the tenth-largest public entity in terms of BTC holdings, according to bitcointreasuries.net.
